9. The principle of faithful representation: O A. Requires that information be complete, neutral and free from error so assets and income are not overstated and liabilities and expenses are not understated. B. Requires that a company use the same accounting methods period after period. C. Requires that revenues and costs be reported in the period in which they are earned or incurred. OD. Requires that all items of a material nature be included in financial statements. 10. Coronado Company sells two types of inventory, MP3 players and Blu Ray players. The MP3 players originally cost $2,250 and have a net realizable value of $1,075 while the Blu Ray players had an original cost of $500 and have a net realizable value of $700. Calculate the year end adjustment to inventory when applying the lower of cost and net realizable value on an item by item basis. A. $375. B. $1,175. C. $1,112. D. $1,575