For each of the following situations, indicate the accounting concept that is violated. While some of these statements may appear to violate more than one accounting concept, each answer should be used only once. Wagner Corporation adjusted the valuatia of all assets and liabilities to reflect chang! Going Concern [Choose] in the purchasing power of the dollar Full Disclosure Expense Recognition Spooner Oil Company changed its method Consistency of accounting for oil and gas exploration Measurement Principle (Historical Cost) costs from successful efforts to full cost Revenue Recognition No mention of the change was included in Monetary Unit the financial statements. The change hada Comparability material effect on Spooner's financial Economic Entity statements. Timeliness (or Periodicity) ed) [Choose] Cypress Manufacturing Company purchased machinery having a five-year life. The cost of the machinery was expensed in full at time of purchase. Choose Rudeen Corporation purchased equipment for $180,000 at a liquidation sale of a competitor. Because Rudeen believed the equipment to be worth $230,000, it reported the equipment in its subsequent balance sheet at $230,000 [Choose Davis Bicycle Company received a large order for the sale of 1,000 bicycles at $100 each. The customer paid Davis the entire amount of $100,000 on March 15, and Davis recorded the revenue on that date. Davis did not deliver the bicycles to the customer until April 17 80 ogo cod ga DIA [Choose) Esquire Company provides financial statements to external users every three years. [Choose ] The president of Vosburgh Industries asked the company controller to charge miscellaneous expense for the purchase of an automobile to be used solely for personal use. [Choose The Reliable Tire Company is vigorously defending itself in a lawsuit brought by a consumer. Reliable's attorneys believe it is probable that Reliable will lose. Because Reliable does not agree with the attorneys, it did not mention the lawsuit in its financial statements. Here Forever Enterprises is in the process of liquidating the business. [Choose ]