Gino works in accounting for a local timber company. He tells you that his firm expenses any lumber that is extracted in a given fiscal year, regardless of whether the lumber is actually sold during that year. What should you tell Gino about this practice? This practice violates the matching principle. To remedy this problem, the company should report the lumber as a liability and should expense it only in the period in which it is sold. This practice violates the disclosure principle. To remedy this problem, the company should expense the lumber only in the period in which it is sold. This practice violates the matching principle. To remedy this problem, the company should expense the lumber only in the period in which it is sold. This is good accounting practice, because all natural resources should be expensed at the time of their extraction