The Snider Real Estate Company pays its agents on commission. A company believes it has appropriately applied the matching principle in 2004. Which situation violates the matching principle? Select one: O a. Sales commissions are charged to expense in 2004 on all sales revenue recognized in 2004 even though some of the commissions have not i been paid. O b. Insurance expense is recognized for the total cost of a 1-year policy purchashed in August, 2004. Oc. A loss is recognized in 2004 on land, which the company owned, that is sold below its cost. Od. Electricity and water expenses are recognized as expenses in 2004 even though the last bill received in 2004 will not be paid until 2005.