e) (Select One) Music Player Question 2 [5 points] f the five Generally Accepted Accounting Principles (GAAP) introduced in this section, identify which broad accounting principle describes most directly each of the following. select answer select answer Travic Parts applied for a $150,000 bank loan. The bank received the business's financial statements from an independent accountant whose review indicated that Travic Parts had presented their accounting information fairly and that they had strong future potential. Financial Services is a sole proprietorship owned by Jan Taylor, who purchased a computer for personal use and recorded it as an asset on the balance sheet of Financial Services. Which principle has Jan Taylor violated? Revenues are recorded when they are earned, regardless of when cash is received. elect answer elect answer ect answer Each economic entity or business of the owner must keep accounting records and reports that are separate from those of the owner and any other economic entity of the owner. Land and building with respective appraised values of $60,000 and $180,000 were purchased for $55,000 and $160,000. Both assets will be recorded at the respective costs of $55,000 and $160,000. C ny ENG 9:0 US 2022-0