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Lower of cost and market method
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Lower of cost and market methodA requirement of GAAP in the United States that inventory be recorded at the lower of either the cost to produce it, the cost to repurchase it or the market value of the inventory.
RELATED TERMS--------------------------------------
Inventory
An amount of goods stored ready for sale; in accounting, the value of raw materials, work in progress and finished but unsold products.
Lower
To decrease (a price, tax rate, interest rate, etc.).
Cost
The opposite of revenue. An expense that reflects the price of purchasing goods, services and financial instruments. A cash cost means that cash is given up today to the purchase. Also, the purchase price of an investment, which is compared to the sale proceeds to determine capital gain or loss.
Market
1) The total demand for a good. 2) The set of all actual and potential buyers of a good or service. 3) The place where people buy and sell. 4) The process by which buyers and sellers of goods, services and factors of production interact to determine prices and quantifies.
Value
The worth or desirability of something expressed as an amount of money.
SIMILAR TERMS--------------------------------------
Lowe's Cos
Lowe's Cos is a top United States corporation in the field of retailing, and its estimated market value is 45,50 million US dollars.
LOWELL MASS. MUNICIPAL EMPLOYEES Credit Union
LOWELL MASS. MUNICIPAL EMPLOYEES is a credit union with head office in LOWELL, MA
Lower
To decrease (a price, tax rate, interest rate, etc.).
LOWER BUCKS HOSPITAL Credit Union
LOWER BUCKS HOSPITAL is a credit union with head office in BRISTOL, PA
LOWER COLUMBIA LONGSHOREMEN Credit Union
LOWER COLUMBIA LONGSHOREMEN is a credit union with head office in LONGVIEW, WA
LOWER EAST SIDE PEOPLE'S Credit Union
LOWER EAST SIDE PEOPLE'S is a credit union with head office in NEW YORK, NY
Lower rate tax
The lowest rate of income tax in the UK.
Lowest mortgage rate
The cheapest possible interest rates for mortgage loans.
PREVIOUS AND NEXT TERMS--------------------------------------
Low grade
A bond with a rating of B or lower.
Low load fund
A mutual fund that charges a sales commission of 3.5% or less for the purchase of shares.
Low price
The day's lowest price of a security that has changed hands between a buyer and a seller.
Low price earnings ratio effect
The tendency of portfolios of stocks with a low price-earnings ratio to outperform portfolios of stocks with high price-earnings ratios.
Lower
To decrease (a price, tax rate, interest rate, etc.).
Lower of cost and market method
Lower rate tax
The lowest rate of income tax in the UK.
Lump sum
A sum of money paid in a single installment.
Lump sum distribution
A one time payment for the entire amount due, rather than breaking payments into smaller installments. Some lump-sum distributions receive special tax treatment.
Luxury tax
A tax on goods considered to be luxury items.
Lazare Kaplan International Angola
Lazare Kaplan International Angola is a major Angolan company.
RELATED TERMS--------------------------------------
Inventory
An amount of goods stored ready for sale; in accounting, the value of raw materials, work in progress and finished but unsold products.
Lower
To decrease (a price, tax rate, interest rate, etc.).
Cost
The opposite of revenue. An expense that reflects the price of purchasing goods, services and financial instruments. A cash cost means that cash is given up today to the purchase. Also, the purchase price of an investment, which is compared to the sale proceeds to determine capital gain or loss.
Market
1) The total demand for a good. 2) The set of all actual and potential buyers of a good or service. 3) The place where people buy and sell. 4) The process by which buyers and sellers of goods, services and factors of production interact to determine prices and quantifies.
Value
The worth or desirability of something expressed as an amount of money.
SIMILAR TERMS--------------------------------------
Lowe's Cos
Lowe's Cos is a top United States corporation in the field of retailing, and its estimated market value is 45,50 million US dollars.
LOWELL MASS. MUNICIPAL EMPLOYEES Credit Union
LOWELL MASS. MUNICIPAL EMPLOYEES is a credit union with head office in LOWELL, MA
Lower
To decrease (a price, tax rate, interest rate, etc.).
LOWER BUCKS HOSPITAL Credit Union
LOWER BUCKS HOSPITAL is a credit union with head office in BRISTOL, PA
LOWER COLUMBIA LONGSHOREMEN Credit Union
LOWER COLUMBIA LONGSHOREMEN is a credit union with head office in LONGVIEW, WA
LOWER EAST SIDE PEOPLE'S Credit Union
LOWER EAST SIDE PEOPLE'S is a credit union with head office in NEW YORK, NY
Lower rate tax
The lowest rate of income tax in the UK.
Lowest mortgage rate
The cheapest possible interest rates for mortgage loans.
PREVIOUS AND NEXT TERMS--------------------------------------
Low grade
A bond with a rating of B or lower.
Low load fund
A mutual fund that charges a sales commission of 3.5% or less for the purchase of shares.
Low price
The day's lowest price of a security that has changed hands between a buyer and a seller.
Low price earnings ratio effect
The tendency of portfolios of stocks with a low price-earnings ratio to outperform portfolios of stocks with high price-earnings ratios.
Lower
To decrease (a price, tax rate, interest rate, etc.).
Lower of cost and market method
Lower rate tax
The lowest rate of income tax in the UK.
Lump sum
A sum of money paid in a single installment.
Lump sum distribution
A one time payment for the entire amount due, rather than breaking payments into smaller installments. Some lump-sum distributions receive special tax treatment.
Luxury tax
A tax on goods considered to be luxury items.
Lazare Kaplan International Angola
Lazare Kaplan International Angola is a major Angolan company.
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This dictionary contains 24549 terms.
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