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The application architecture called the distributed computing model uses the "thick" client approach.
Lower of Cost
An accounting rule where inventory is recorded at the lower of either its acquisition cost or market value at reporting time.
Allowance Method
An accounting technique used to estimate and account for doubtful debts, reducing accounts receivable to a realistic amount.
Direct Method
A way of presenting the cash flow statement where actual cash flows from operating activities are listed directly.
Inventory Loss
A reduction in inventory count due to theft, spoilage, or other discrepancies not related to sales.
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