Examlex
What are the two categories of pollen-producing plants? Which type of pollen is useful for identifying a geographical origin? Which type is deposited on clothing or objects only by direct contact with the plant?
LIFO Conformity Rule
A requirement that if the Last-In, First-Out (LIFO) inventory valuation method is used for tax purposes, it must also be used for financial reporting.
SEC
Securities and Exchange Commission, an independent federal agency responsible for enforcing federal securities laws and regulating the securities industry and stock and options exchanges in the United States.
International Accounting Standards
A set of older accounting standards that were replaced by IFRS, previously developed by the International Accounting Standards Committee (IASC) to guide financial reporting internationally.
FIFO
First In, First Out, an inventory valuation method where the first items produced or acquired are the first ones to be expelled from inventory.
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