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  • What? That's so unfair! But, I guess I have no choice. 
  • Seeam! If you want to be DECA president, you're going to have to complete this extra credit accounting assignment.
  • Oh man, what do I do for this assignment? I don't even like accounting! How do I learn about these accounting principles?
  • If I really want to become president of DECA, I should start this dumb assignment.
  • Whatever, I'll just scrap together a quick comic strip to depict these principles. 
  • Cost Principle
  • Hello there, sir. I operate an international beef company. I would like to buy this cow for $50
  • Moo!
  • Sold, sir!
  • These other beef companies are really booming these days. I have an idea! I'll record the value of my cow at $200!  My owner's equity would increase significantly!
  • Wait a minute! I'm Mrs. Magarelli, the CPA! You can't record your pig for a higher value! You must record it for the historical value of $50!
  • Revenue Recognition Principle
  • Hey there, young man! Can I buy 15 of these for my bald head? I would like to impress some ladies.  Can you send them in a month?
  • What a fool! This is an easy way to make $150!
  • Sure there, sir!
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