For the following situation, state whether you agree or disagree with the financial reporting practice employed, and what

principle$/$assumption was followed or violated.

Sanders Corporation is a small brick manufacturer. At the end of its $2021$ fiscal year, the company recelved an order from a customer tor

$$6,000.$ The merchandise will ship early in $2022.$ Because the sale was made to a long$-$time customer and the involice was paid in $2021,$ the

controller recorded the sale in $2021.$

Multiple Choice

Disagree. The company is violating Expense Recognition.

Agree. The company is conforming to Expense Recognitiof