THE FOLLOWING ARE ACCOUNTNG PRACTICES USED BY VARIOUS COMPANIES. AS SOON AS IT PURCHASES INVENTORY, HUSKER COMPANY RECORDS THE PURCHASE PRICE AS COST OF GOODS SOLD (INSTEAD OF MERCHANDISE INVENTORY) TO SIMPLIFY ITS ACCOUNTING PROCEDURES. AT THE END OF EACH YEAR, COTEAU COMPANY REPORTS THE VALUE OF ITS BUILDINGS THAT HOUSE ITS OPERATIONS ON ITS BALANCE SHEET BASED ON APPRAISAL VALUES BY EXPERTS. ESKIMO COMPANY RECEIVES ORDERS FROM CUSTOMERS AND RECORDS REVENUE AT THAT TIME, EVEN THOUGH IT HAS NOT YET DELIVERED PRODUCTS OR SERVICES TO ITS CUSTOMERS. BERTHOLD COMPANY RECORDS ASSETS INITIALLY AT THEIR ACQUISTION PRICE. LENNY RODEEN COMBINES HIS PERSONAL TRANSACTIONS AND BUSINESS TRANSACTIONS WHEN HE PREPARES HIS COMPANY'S FINANCIAL STATEMENTS SO THAT HE CAN DEMONSTRATE HOW WELL HE IS DOING ON AN "OVERALL" BASIS. REQUIREMENT: FOR EACH OF THE ABOVE (A-E), IDENTIFY WHICH LEVEL 3 ACCOUNTING ASSUMPTION OR PRINCIPLE IS BEING VIOLATED, AND THEN INDICATE WHAT SHOULD BE DONE TO RECTIFY THE VIOLATION. IF THE ABOVE ACCOUNTING PRACTICE IS CORRECT, IDENTIFY IT AS BEING CORRECT, AND IN THAT CASE, YOU ARE NOT REQUIRED TO DO ANYTHING ELSE