Examlex
The use of the lower-of-cost-or-market method of inventory valuation increases the gross profit for the period in which the inventory replacement price declined.
Undervalued Equipment
Equipment whose market value is higher than its book value or valuation on financial statements, suggesting it may be worth more than it appears.
Non-Controlling Interest
A share in the equity and profits of a subsidiary that are not owned by the parent company.
Goodwill Impairment
A write-down that occurs when the fair value of a company's goodwill asset is less than its recorded (carrying) cost, indicating a decline in the value of acquired businesses.
Net Increase
The difference between the current and previous period's amounts, indicating growth when positive.
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