Test Bank for Intermediate Accounting, FourThirteenth Edition 2 - 36 Solution 2-135 1. Materiality constraint. 2. Consistency characteristic. 3. Expense recognitionMatching principle or going concern assumption. 4. Monetary unit assumption. 5. Expense recognitionMatching principle or going concern assumption. 6. Periodicity assumption. 7. Full disclosure principle. 8. Economic entity assumption. Ex. 2-136—Accounting concepts—identification. Presented below are a number of accounting procedures and practices in Ramirez Corp. For each of these items, list the assumption, principle, information characteristic, or modifying convention that is violated. 1. Because the company's income is low this year, a switch from accelerated depreciation to straight-line depreciation is made this year.