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Net Realizable Value
The estimated selling price in the ordinary course of business minus any costs of completion, disposal, and transportation.
Inventory
The total amount of goods or materials a company has in stock, including raw materials, work-in-progress, and finished goods.
Current Rate Method
An accounting technique used to translate the financial statements of a foreign subsidiary to the parent company's reporting currency, using the current exchange rate at the balance sheet date for assets and liabilities.
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