Foundational accounting principles and qualitative characteristics - matching

Listed below are several foundational accounting principles and qualitative characteristics. Note that each item may be used more than once or not at all.

				Economic entity assumption					Matching principle
				Going concern assumption					Full disclosure principle
				Monetary unit assumption					Relevance
				Periodicity assumption					Control
				Historical cost principle					Comparability
				Revenue recognition principle Materiality					Representational faithfulness
					1.		Recording Warranty Expense each year based on a % of sales.
					2.		Changing prior year financial statements when the Inventory costing policy is changed.
					3.		Valuing assets at amounts originally paid for them and ignoring change in market values
					4.		Deciding which companies to include in the Consolidated Financial Statements.
					5.		A material lawsuit after year end but before the statements are released are documented in the Notes to the Financial Statements.
					6.		The reason a waste paper basket will be expensed even though it is actually an asset that should be capitalized.
					7.		Includes neutrality, completeness, and freedom from material error.
					8.		The bank has requested that the companys financial statements be prepared within a Certain time frame as part of the loan application.
					9.		The reason for using the same accounting method year after year.
					10.		For the following event, what qualities and principles are being violated? A companys owner would like to change the depreciation policy from straight- Line to declining balance. The prior years are not changed for the change in policy as the owner feels this change is not an error so no change is necessary.