Examlex
In the Open-High-Low-Close chart sub-type, if the box is white, the stock increased in value for the time period. The white box is referred to as the ____.
Specific Identification
An inventory valuation method that tracks the cost of individual items or batches of items throughout the purchasing and sales process.
FIFO Method
A method of inventory costing that assumes the first goods purchased are the first goods sold, affecting the cost of goods sold and ending inventory valuation.
LIFO Method
An inventory management and valuation approach where the last items placed in inventory are the first ones sold.
GAAP
Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to ensure financial statements are consistent and transparent.
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