Examlex
Courts do not apply the business judgment rule to analyze whether the directors acted reasonably in resisting a takeover attempt.
Periodic System
An inventory valuation method where inventory counting and valuation are performed at specific intervals.
Ending Inventory
The total cost of all the inventory a business has in stock at the end of an accounting period.
Inventory Costing Methods
These are accounting approaches to determine the value of inventory on hand and the cost of goods sold, including methods like FIFO (First-In, First-Out) and LIFO (Last-In, First-Out).
Weighted-average
A calculation that takes into account both the quantity and the significance of the items being averaged.
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