Instructions: _∙ Identify Each Item. Give an Explanation or Description of of the Item

question 122

Essay

Instructions:
_∙ Identify each item. Give an explanation or description of the item. Answer the questions who, what, where, and when.
Explain the historical significance of each item. Establish the historical context in which the
_∙ item exists. Establish the item as the result of or as the cause of other factors existing in the society under study. Answer this question: What were the political, social, economic,
and/or cultural consequences of this item?
-Letters of a Federal Farmer

Identify the appropriate treatment for changes in accounting principles, including retrospective and prospective applications.

Apply the concept of retrospective adjustments to financial statements and understand its impacts.

Calculate the effects of changes in depreciation methods on financial statements and tax implications.

Recognize the procedures and impacts of changing inventory accounting methods, specifically from LIFO to FIFO.

---

Definitions:

Date Property

An attribute of data models or databases that stores dates, often used to track times or durations of events.

File List Headings

Labels or titles at the top of columns in a file list that describe the contents or attributes of the files, such as name, date modified, or size.

Search Box

A text field on websites and in applications that enables users to input text in order to query and retrieve specific information or results.

Saved Searches

A feature in many applications that allows users to store their search criteria for easy and quick access in the future.