I need answers for these questions in 20minutes. thankyou.:)

2.9 The prudence convention has significantly influenced nancial transactions recording and reporting. (a) What is the prudence convention? (b) Provide examples of how it has influenced transaction recording and reporting. 7.2 You have heard that management accounting is not regulated by accounting rules, under the premise that companies should be allowed to adopt methods and procedures that are best suited for them. Why does financial accounting not have the same degree of freedom? 7.21 The size of annual reports published by limited companies has increased steadily over the years. Can you think of any reasons, apart from the increasing volume of accounting regulation, why this has occurred? Ask a homework qu