Examlex
When using a telescope such as a transit, one should keep both eyes open to reduce eye strain.
Accounting Treatment
Refers to the method of applying accounting principles and rules to transactions and financial events in a company’s financial statements.
LIFO
Last In, First Out, an inventory valuation method where the most recently produced or acquired items are the first to be expensed.
U.S. Tax Rules
The laws and regulations governing the taxation of individuals and corporations in the United States.
IFRS
Stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for global use.
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