Match 1-6 with the answers shown

Identify the basic assumption or broad accounting principle that was violated in each of the following solutions. Pastel Paint Company purchased land two years ago at a price of $250,000. Because the value of the land has appreciated to $400,000, the company has valued the land at $400,000 in its most recent balance sheet. Atwell Corporation has not prepared financial statements for external users for over three years. The Klingon Company sells farm machinery. Revenue from a large order of machinery from a new buyer was recorded the day the order was received. Don Smith is the sale owner of a company called Hardware City. The company recently paid, a $150 utility bit for Smith's personal residence and recorded a %150 expertise. Golden Black Company purchased a large printing machine for $1,000,000 (is material amount) and recorded the purchase as an expense. Ace Appliance Company is in a major involving injuries sustained by some of its employees in the manufacturing plan. The company is being used for $2,000,000, a material amount, and is not insured. The was not disclosed in the most recent financial statements because no settlement had been reached Expense recognition; materiality Revenue recognition The economic entity assumption The full disclosure principle The historical cost (original transaction value) principle The periodicity assumption