you just need to say the options. Thank you if you reply in 25 minutes. no solution is needed.

Which accounting assumption or principle is being violated if a company is a party to major litigation that it may lose and decides not to include the information in the financial statements because it may have a negative impact on the companys share price?

Select one: expense recognition full disclosure going concern historical cost

Madsen Company reported the following information for 2019:

Sales revenue 510,000

Cost of goods sold 350,000

Operating expenses 55,000

Unrealized holding gain on available-for-sale securities 30,000

Cash dividends received on the securities 2,000

For 2019, Madsen would report other comprehensive income of

Select one: 135,000. 30,000. 137,000. 32,000.

Timeliness is one of the basic assumptions of accounting used by the International Accounting Standards Board (IASB).

Select one: True False

Which of the following is a constraint in presenting financial information?

Select one: cost full disclosure consistency relevance

Leonard Corporation reports the following information:

Correction of understatement of depreciation expense

in prior years, net of tax 215,000

Dividends declared, 2019 160,000

Net income for 2019 500,000

Retained earnings, 1/1/19, as reported 1,200,000

Leonard should report retained earnings, December 31, 2019, at

Select one: 1,755,000. 985,000. 1,540,000. 1,325,000.