Problem #1- Matching: Each question is worth 1 point. List the letter from the choices below, next to each statement. You can choose a category more than once. 1. A material gain resulting from errors in depreciation charges from previous year. 2. Additional losses resulting from a change in the estimates of the allowance for doubtful accounts calculations from prior years. 3. A law suit settlement in the current year from a product liability case filed five years ago. The company has been sued on a regular basis and expects to be sued in the future as well. 4. The sale of a subsidiary was announced in the current year. The sale is expected to take place in the upcoming year. 5. A change in the way revenue was recorded on installment sales. It was previously recorded at the time goods were delivered, but, recently was changed to the installment method. Choices: a) Income from continuing operations. b) Discontinued operations. c) Cumulative effect from a change in an accounting principle or method. d) Prior period adjustment