Examlex
A theft loss of investment property is an itemized deduction not subject to the 2%-of-AGI floor.
Inventory
The total amount of goods or materials a business has in stock at any given time, used for production or sales.
Accounting Information
It refers to financial data about a business or individual's economic activities, used to make economic decisions.
Liquidity
The measure of how easily assets can be converted into cash without significant loss in value.
Balance Sheet
An accounting report that outlines a firm's assets, obligations, and owners' equity on a specific date.
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