Examlex
The MIC is the smallest concentration of an antimicrobic required to inhibit the growth of the microbe.
Retained Earnings
The portion of net income that is not distributed to shareholders as dividends but is kept by the company for reinvestment or to pay off debt.
Functional Currency
The functional currency is the currency of the primary economic environment in which an entity operates and conducts its business transactions.
Balance Sheet Items
Components that make up a balance sheet, including assets, liabilities, and shareholders' equity.
Historic Rate
The exchange rate used to convert foreign currency transactions to the reporting currency at the date of the transaction, for accounting purposes.
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