QUESTION 01. (8.) For each of the following situations, indicate whether you agree or disagree with the financial reporting practice employed and state the accounting concept that is applied if you agree) or violated if you disagree Merchandise inventory that cost $620,000 as reported on the balance sheet 6.000, the expected med dig 2.XYZ Company included a note in its financial statements that described a penting laws at the company XYZ Company paid for the personal travel of its chief Financial officer and charged towel expen 4.XYZ adjusts amounts in its financial statements for the effects of inflation 5. Al the end of its 2021 fiscal year. XY, Inc., received an order from a customer for 560,000. The merchandise will ship carly 2002. The sale was made to time customer and the voice was paid in 2021. however, the controller recorded the sale in 2022 Copy and paste the table below and enter your answer. (10 points) Agree/Disagree Assumption/Constraint Accounting principle 2 3 5