According to the FASB conceptual framework, which of the following situations violates the concept of faithful representation? Multiple Choice O Philips Company has its annual financial statements audited by KPMG. O SiriusXM Radio Inc. files its annual financial statements nine months late. O Allied Appliances, Inc., changed its depreciation method from straight-line method to 150% declining method. Jackson Manufacturing increased the carrying value of a property to management's estimate of market value. Which of the following is not an adjusting entry? Multiple Choice O Rent expense Prepaid rent (0) Salaries expense Salaries payable Inventory Account payable Sales revenue Deferred sales