Examlex
Which diagnostic test uses an instrument to visualize the abdomen or pelvic region?
IFRS
International Financial Reporting Standards, a set of accounting standards that provide a global framework for how public companies prepare and disclose their financial statements.
Net Realizable Value
The estimated selling price in the ordinary course of business minus any costs necessary to make the sale.
LIFO
Last In, First Out, an inventory valuation method where the last items added to inventory are assumed to be the first ones removed, affecting cost of goods sold and inventory value.
Lower-Of-Cost-Or-Market
An accounting principle stating that inventory should be recorded at the lower of its historical cost or its current market price.
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