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State how each of the following items is reflected in the financial statements: (a) Change...

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Accounting

State how each of the following items is reflected in the financial statements: (a) Change from FIFO to LIFO method for inventory valuation purposes. (b) Charge for failure to record depreciation in a previous period. (c) Litigation won in current year, related to prior period. (d) Change in the realizability of certain receivables.

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