Examlex
The Department of the Commerce has published a series of merger guidelines that discuss factors considered in determining whether a merger is likely to be challenged.
LIFO
An inventory valuation method, "Last In, First Out," where the most recently produced or acquired items are recorded as sold first.
Current Cost Profits
The earnings achieved by a company based on the replacement costs of the assets used in its operations rather than historical cost accounting.
Operating Profits
Profits from a company's core business operations, excluding deductions of taxes and interest.
Regulation S-X
Rules and regulations set by the Securities and Exchange Commission (SEC) that dictate the form, content, and requirements of financial statements submitted by public companies in the United States.
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