Examlex
The ________ is the difference between money flowing into a country from exports, and money leaving the country for imports, plus money flows coming from other factors such as tourism, foreign aid, military expenditures, and foreign investment.
Inventory Holding Gains
Inventory holding gains are the increases in value of inventory the company holds due to price increases, not yet realized through sales.
Liquidation
The process of bringing a business to an end and distributing its assets to claimants, usually when the company is unable to meet its financial obligations.
LIFO
Last In, First Out, an inventory accounting method where the last items added to inventory are the first ones to be used or sold, affecting cost of goods sold and inventory valuation.
Replacement Cost
The cost to replace an asset with another of similar nature and quality in its current condition.
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