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Exhibit 8-5 Sully Provisions Co.switched from FIFO to LIFO on January 1, 2010, for external reporting and income tax purposes, while retaining FIFO for internal reports.On that date, the FIFO inventory equaled $360, 000.The ensuing three-year period resulted in the following:
-Refer to Exhibit 8-5.The ending inventory at December 31, 2012, using the dollar-value LIFO method would be
Cognitive Therapy
A psychotherapeutic approach that aims to change negative patterns of thinking or behavior that contribute to people's psychological distress.
Negative Thoughts
Cognitive processes that are pessimistic or detrimental to one's well-being, often associated with feelings of failure, dissatisfaction, or despondency.
Panic-inducing Thoughts
Panic-inducing thoughts are thoughts or cognitions that trigger an extreme anxiety response, often leading to a panic attack, characterized by feelings of intense fear or dread.
Cognitive Therapy
A form of psychotherapy that aims to change negative patterns of thinking or behavior that contribute to individuals' emotional distress.
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