Examlex
The greatest risk for contracting HIV in the world is among gay men and heterosexual intravenous drug users.
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.
Historical Cost
The original cost at which an asset is acquired and recorded in the financial statements, not adjusted for inflation or market changes.
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