Accounting question, Choose 1 answer for each question A,B,C,D( materia, prudence or none)?

Jiang Company uses the following accounting practices.
Indicate the accounting constraint, if any, that has been violated by each practice.

(a) Small tools are recorded as PPE assets and depreciated. (Materiality,Prudence,None )

(b) Inventory is reported at cost when net realisable value is lower. (Prudence,Materiality,None )

(c) The income statement shows paper clips expense of $10. (None,Materiality,Prudence )

(d) Service revenue on a service contract is recognised at the time of contract signing. (Materiality,Prudence,None )

(a) Small tools are recorded as PPE assets and depreciated. (Materiality)

(b) Inventory is reported at cost when net realisable value is lower. (Prudence)

(c) The income statement shows paper clips expense of $10. (Materiality)

(d) Service revenue on a service contract is recognised at the time of contract signing. (Prudence)

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