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Definition of


Accounting abbr

accounting method treating stocks at lower value lower of cost or market: a method used by manufacturing and supply firms when accounting for their homogeneous stocks that involves valuing them either at their original cost or the current market price, whichever is lower.

Definitions of ’LCM’ and meaning of ’LCM’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’LCM’ and other financial terms with our online QFINANCE Financial Dictionary.

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