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Financial Affairs
The management and oversight of a person's or organization's money matters, including investments, budgets, and transactions.
Net Realizable Value
The estimated selling price of goods minus the cost of their sale or completion, used primarily in inventory valuation and accounts receivable.
Historical Cost
Historical cost is the original monetary value of an economic item purchased or incurred, used as a basis for accounting and financial reporting.
Replacement Cost
The current cost of replacing an asset with a similar one at its current market price.
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