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6. (12 Points) Identify what accounting assumption or principle is violated in each of the following examples: As soon as it purchases inventory, Sokolich Company records the purchase price as cost of goods sold to simplify its accounting procedures. a. Ebert Company prepares financial statements only every two years to reduce its costs of preparing the statements. b. c. Because of inflation, Cross Company adjusts its financial statements each year to show the current purchasing power for all items. At the end of each year, Vann Company reports its economic resources on a liquidation basis even though it is likely to operate in the future. d