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Base Stock Method |
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Base Stock Method A way to account for the value of a company's inventory. All base stock (the minimum needed to maintain operations) is calculated according to its purchase price, while the LIFO method is used for all additional inventory. The base stock method is not a generally accepted system. See also: Generally Accepted Accounting Principles. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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