Current Attempt in Progress The following situations involve accounting principles and assumptions: For each of the three situations, determine If the accounting method used is correct or incorrect. If correct, identify which principle or assumption supports the method used. If incorrect, identify which principle or assimption has been violated. elextbook and Media Attempts: 0 of 3 used Current Attempt in Progress The following situations involve accounting principles and assumptions: For each of the three situations, determine if the accounting method used is correct or incorrect. If correct, identify which principle of assumption supports the method used. If incorrect, identify which principle or assumption has been violated