Examlex
A capnophile is a microorganism that thrives in conditions of high
GAAP
Generally Accepted Accounting Principles; the common set of accounting principles, standards, and procedures that companies use to compile their financial statements in the US.
Cost Flow Assumption
An accounting principle that determines how costs are allocated and reported, including FIFO (First-In, First-Out), LIFO (Last-In, First-Out), and average cost methods.
Vendor Allowances
Vendor allowances are funds provided by suppliers to a retailer for various promotional activities aimed at increasing the sale of their products.
Carrying Cost
The total cost of holding inventory, including storage, insurance, taxes, opportunity costs, and depreciation, over a certain period of time.
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