Playground Equipment Corporation has reported income from operations of $5,000,000 for the current year. During the year, the CEO settled and paid a $5,000,000 class action lawsuit against the company resulting from damages incurred from the sale of defective products. The settlement is reported as a miscellaneous expense with no footnotes provided. Which accounting assumptions and/or principles have been violated? a. Revenue recognition, conservatism b. Historical cost, matching c. Materiality, disclosure d. Materiality, reporting entity