The following accounting practices are not in accord with generally accepted accounting principles. A few of the practices violate more than one concept or principle. Identify all the accounting concepts and principles not followed in each situation.

a. Tapes Unlimited is continuing in business, but its owner accounts for assets as though the store were liquidating.

b. Major Construction Company recognizes all revenue on long-term construction projects at the start of construction.

c. All amounts on the balance sheet and income statement of Cleveland Consulting Company have been adjusted for changes in the value of the dollar during the period.

d. Waterloo Wheat Processor records half the depreciation of its grain silos when it purchases them and the other half over their estimated useful lives.

e. Linda's Threads sells high-fashion clothing to customers on credit. Thus far, collection losses on receivables have been very small. Nevertheless, Linda Vela, the owner, uses the collection method to recognize revenue. The entity's revenue is understated because credit sales are not accounted for properly.

f. Canton Importers changed from the FIFO method to the LIFO method for inventory but did not report the accounting change in the financial statements.

g. Quebec Fisheries, Inc., applied the lower-of-cost-or-market method to account for its inventory. Quebec used an estimate of the inventory value developed by its management. This estimate differed widely from estimates supplied by two independent appraisers. The estimates of the two appraisers were similar.

h. Butler Manufacturing does not report a lawsuit in which it is the defendant. Alvin Butler, the president, argues that the outcome of the case is uncertain and that to report the lawsuit would introduce subjective data into the financial statements.

i. Todd Department Store records cost of goods sold in a predetermined amount each month regardless of the level of sales.

j. Tim Ihnacek is having difficulty evaluating the success of his advertising firm because he fails to separate business assets from personal assets.