Inventory Accounting
Inventory Accounting Method | Management
(1) For companies, all items available for sale or in the process of being made ready for sale. Inventories can be individually valued by several different means, including cost or current market value, and collectively valued by FIFO, LIFO or other accounting techniques. The lower value of these alternatives is usually used to preclude overstating corporate earnings and assets.(2) For security firms, all securities bought and held by a broker or dealer for resale.
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