The following accounting practices are not in accord with generally accepted accounting principles. Identify the single accounting concept or principle that is most clearly violated by each accounting practice.

a. A flood on July 2 caused \(\$ 150,000\) in damage to Tyler Construction property. The company did not report the flood as a subsequent event in the June 30 financial statements.

b. Hernandez, Inc., overstates depreciation expense to report low amounts of net income.

c. The balance sheet of Jean-Paul Pascal's medical practice includes significant receivables that he will probably never collect. Nevertheless, Pascal's accountant refuses to use the collection method to account for revenue.

d. The current market value of Miska Electronics's inventory is \(\$ 119,000\), but the company reports its inventory at cost of \(\$ 134,000\). The decline in value is permanent.

e. The liabilities of Waco Jet Company exceed the company's assets. To get a loan from the bank, Waco Jet's owner, Slade McQueen, includes his personal investments as assets on the balance sheet of the business.

f. Lancer Corporation increases the carrying value of its land on the basis of recent sales of adjacent property.

g. Mission Ford Sales records expenses on an irregular basis without regard to the pattern of the company's revenues.

h. Frisco Software Company omits the significant accounting policies note from its financial statements because the company uses the same accounting methods that its competitors use.

i. National Seed Supply regularly changes accounting methods in order to report a target amount of net income each year.

j. Texas Land Company reports land at its market value of \(\$ 820,000\), which is greater than the cost of \(\$ 400,000\).