The following two separate cases appear to violate some aspect(s) of the FASB's conceptual framework. Case A. Financial statements of Green Corporation include the following note: "During the current year, plant assets were written down by $8,000,000. This write-down will reduce future expenses. Depreciation and other expenses in future years will be lower, and as a result this will benefit profits of future years." According to Green Corporation's financial statements, plant assets were written down by $8,000,000 during the current year. Future expenses will be reduced by this write-down. Future profit-generating years will benefit from lower depreciation and other costs in the future. Case B. A White Company audit revealed that some liabilities, like taxes, appeared to be overstated. Additionally, some semi-obsolete inventory items seem undervalued, and there is a tendency to expense as many items as possible rather than capitalize them all. According to management, the company has always taken a very conservative view of the business and its future prospects. Management asserts that it does not anticipate that business will remain strong and does not want to weaken the company by disclosing additional earnings or paying additional dividends than are necessary. It emphasizes that while the lower asset valuations do not harm the business, they do help to build reserves for "hard times." Required For each case, write a one-half page memo explaining to the CFO the nature of any violations of accepted accounting and reporting practices and, in those instances, what part(s) of the conceptual framework is directly violated