Identifying Violations of Principles and Assumptions Identify the accounting assumption or principle that is most violated in each of the cases 1 through 8. Case Accounting assumption or principle 1. Thrive Inc. adjusted amounts in its financial statements for the effect of inflation Answer Measurement over the past five years. 2. Soni Corp. recorded a sale at the time of the customer order, even though the item Answer Revenue recognition was shipped several days later. 3. Harper Inc. adopted the new revenue recognition accounting standard in the current Answer Full disclosure year but failed to disclose the impact on financial statements, which is material. 4. The expense for a one-year maintenance contract for Lazer Inc. was recorded in Answer Expense