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According to the text, reinforcement is defined as any event that
Retained Earnings
The portion of net earnings not paid out as dividends but retained by the company for reinvestment.
Year-end Balance Sheet
A financial statement that lists a company's assets, liabilities, and equity at the end of its fiscal year.
Lower of Cost or Market
An accounting principle that states inventory should be recorded at the lower of its historical cost or its current market value.
Inventory Item
Goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution.
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