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GAAP principle that means that the business takes the more conservative option when working out net income and valuing stock at cost price or at a conservative market value.
money that an employee takes home after deductions made by the employer.
money that a person or business earns as a percentage of the total value of invested assets....
(also called par value) the authorised value of an ordinary share of a company
First In First Out method whereby stock is issued in the order it is received.
(also called mark-up) profit percentage added to the cost price.