State how each of the following items is reflected in the financial statements



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State how each of the following items is reflected in the financial statements.

1.Change from FIFO to LIFO method for inventory valuation purposes.

2.Charge for failure to record depreciation in a previous period.

3.Litigation won in current year, related to prior period.

4.Change in the realizability of certain receivables.

5.Writeoff of receivables.

6.Change



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