Lower-of-cost-or-market (LCM) basis
Lower-of-cost-or-market (LCM) basis
Accounting glossary
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Accounting
Definition of lower-of-cost-or-market (lcm) basis
Lower-of-cost-or-market (LCM) basis: A basis whereby inventory is stated at the lower of either its cost or its market value as determined by current replacement cost
Source 1: http://college.vatc.edu.vn/attachments/article/152/Glossary%20-%20Accounting%201.doc
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Accounting glossary
Accounting glossary index of terms
Definition and meaning of lower-of-cost-or-market (lcm) basis
Meaning of lower-of-cost-or-market (lcm) basis
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