1. Each of the following statements violates a concept or convention of accounting. Write the letter in the blank next to each statement corresponding to the concept or convention violated. a. Consistency b. Materiality c. Conservatism d. Full Disclosure e. Cost-benefit _____1. A note to the financial statements indicating a change in inventory methods is omitted. _____2. When management is unsure of which estimates to use in a given situation, the estimate resulting in the largest net income is always used. _____3. In 20x9, a company uses straight-line depreciation and in 20x8 the company uses declining-balance depreciation _____4. A small company expenses all expenditures under $10,000. _____5. A small company purchases a $50,000 computer to save $3,000 per year in bookkeeping wages.