Examlex
Theories regarding the purpose of Stonehenge include all listed EXCEPT:
Special Or Unusual Items
Items in financial statements that are unusual due to their nature or infrequency, and which can significantly affect net income.
Inventory Method Change
A change in the accounting method used to value inventory, which can significantly affect a company's financial statements and tax liability.
LIFO
Last In, First Out; an inventory valuation method where the last items placed in inventory are the first ones considered sold.
Retrospective Approach
A method used in accounting to apply new accounting policies to transactions, other events, and conditions as if the new policy had always been in place.
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