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Relative Value
An assessment of an asset's worth when compared to the price of other similar assets or benchmarks, often used to identify undervalued or overvalued investments.
Functional Currency
The primary currency used by a business or entity in its financial statements, reflecting the economic environment in which it primarily operates.
Consolidated Balance Sheet
A financial statement presenting the total assets, liabilities, and shareholders' equity of a parent company and its subsidiaries as one entity.
Inventory
The total value of goods and materials held by a company that are ready for sale or will be used in producing goods.
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