Examlex
A scattergram is statistical figure that illustrates the coefficient of determination between two variables.
Inventory Holding Gains
Inventory holding gains are increases in the value of inventory a company holds due to price inflation or increased demand, not yet realized through sales.
U.S. GAAP
The Generally Accepted Accounting Principles in the United States, a common set of accounting rules and standards for financial reporting.
IFRS
International Financial Reporting Standards, a set of accounting guidelines that provide a global framework for how public companies prepare financial statements.
Lower of Cost
An accounting principle requiring that inventory be recorded at the lower of its original cost or current market value.
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