Examlex
Which oldest positively identified fossil bird had feathers, but retained many reptile characteristics?
FIFO
First-In, First-Out, an inventory valuation method that assumes the oldest items are sold first.
Units
The basic quantitative measure used in accounting to represent transactions or balances, often referring to production or sales volumes.
Gross Profit
The difference between revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.
LIFO
Last In, First Out, an inventory valuation method where the goods purchased or produced last are the first to be expensed.
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