Examlex
Explain why the lower of cost or market rule is used to value inventory.
Option Contract
An agreement that gives the owner the right, but not the obligation, to buy or sell a specific asset at a specific price for a set period of time.
Put Options
Financial contracts giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a specified time frame.
Exercise Price
The price set for buying or selling an asset under the terms of an options contract.
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