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FIFO System
First In, First Out, an inventory valuation method where the costs of the oldest inventory items are the first to be expensed.
Goodwill
The intangible asset that arises when a company acquires another business for more than the fair value of its net assets.
Impairment
The permanent reduction in the value of a company's asset, typically when the asset's market value drops below its recorded book value.
Dividends
Earnings distributed by a company to its shareholders, usually in the form of cash or additional shares.
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