Toms Company president, Stephen Smith is not pleased with the current income statement. She knows the company's revenues are low but the marketing department has many signed sales contracts that he feels should be included in revenues. Stephen Smith instructs the accounting department to remove the current month's office rent from the income statement, saying that they have an agreement with the property owner to pay it in two months. Identify the accounting principle(s) that would be broken if Toms Company were to handle the transactions as the president wishes. Describe the principle(s) and explain the proposed transaction would in violation.