Examlex
While the study of the economics of land use within cities was dominated until the 1960s by an ecological model emphasizing internal competition among residents, many urbanists today embrace the critical urban theory perspective, which highlights the influence of external political forces.
LIFO
Last In, First Out, a method of inventory accounting where items produced last are considered the first to be sold.
FIFO
FIFO, or First-In, First-Out, is an inventory valuation method where goods first added to inventory are the first to be sold.
IFRS
International Financial Reporting Standards, a set of accounting standards that provide a global framework for how public companies prepare and disclose their financial statements.
Net Realizable Value
The estimated selling price in the ordinary course of business minus any costs necessary to make the sale.
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