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Equity Method
A method of accounting where an investor recognizes its share of the profits and losses of an investee, adjusting the carrying value of its investment accordingly.
Impairment
A permanent reduction in the value of an asset to below its carrying amount, reflecting a decline in its fair value.
Dividends
Payments made by a corporation to its shareholder members, distributing a portion of the company's earnings.
FIFO System
First In, First Out, an inventory valuation method where the costs of the oldest inventory items are the first to be expensed.
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