can someone please check this? my answers are ini lower case. I need help with #13 also

) Demonstrate your ability to identify the basic assumptions, principles, and desired qualitative characteristics of financial reporting and accounting information.Listed below are the accounting assumptions, principles, and qualitative characteristics contained in the FASB's Conceptual Framework for financial reporting.

Periodicity assumption - A

Monetary unit assumption - B

Going concern assumption - C

Economic entity assumption - D

Full disclosure principle - E

Revenue recognition principle - F

Historical cost principle - G

Matching principle - H

Representational faithfulness - I

Comparability (incl. Consistency) - J

Relevance - K

Materiality - L

Conservatism - M

d 1 A company records in its financial statements (FS) the estimated costs of expected product warranty claims by customers at the same time it records the related sale. m 2 A company presents its consolidated FS, even though its legal structure includes a non-operating parent (holding) company and legally separate subsidiary companies in 27 U.S. states and foreign countries.

a 3 A company relies on quoted market prices to determine the fair value of investments securities reported in its balance sheet, rather than employing valuation consultants for this purpose.

f 4 A company's FS describe its refinancing of maturing debt securities, which managers completed after the date of the balance sheet but before they issued the FS.

b 5 A company's FS provide a schedule of its lease and loan payment obligations for each of the five years following the balance sheet date.

j 6 A company's revenues derive from contracts with customers for the construction of municipal infrastructure requiring (on average) 3 years to complete, though it issues FS quarterly and annually.

i 7 A company records the receipt of cash in exchange for merchandise delivered to a customer as a deposit liability because the customer has the right to return the goods any time.

c 8 A company presents its recognized assets and liabilities in the balance sheet primarily at their historical costs, rather than their expected liquidation values.

l 9 A company's FS do not disclose a pending patent infringement lawsuit against the company because managers, in consultation with counsel, concluded the suit is frivolous and without merit.

k 10 A company recognizes a loss as a result performing a lower-of-cost-or-market analysis of existing inventory, but does not recognize appreciation in the market value of inventory as a result such analyses.

e 11 The amount of total assets reported in a company's balance sheet includes the depreciated cost of production facilities placed in service 17 years ago and goods manufactured within the past 6 months.

g 12 A company changes from the accelerated depreciation method to the straight-line depreciation method after reviewing FS of competitors, which disclose their use of the later method.

?? 13 A company's accounting policies and FS presentation practices facilitate securities analysts' use of the FS in preparing fundamental analyses (intrinsic valuations) of the company's stock.

h 14 A company recognizes equipment in its FS at its acquisition cost, net of accumulated depreciation, even though this amount is less than the amount it could receive in a current sale of the equipment.