Printer Friendly
The Free Dictionary
988,636,215 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

inventory profit

    0.04 sec.
inventory profit
Profit that results from the increase in value that assets undergo during the time they are held in inventory. Inventory profit, ordinarily due to general inflation, is not considered to be of high quality because it is incidental to the firm's main business. See also first-in, first-out (FIFO), last-in, first-out (LIFO).
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
The use of FIFO would have triggered recognition of most of the inventory profit created by this bargain purchase.
Inventory acquisition and dollar-value LIFO - the effect of bargain ... by Maples, Larry / Tax Executive
As the shufflers were en route from Vienna on October 31, 2006 and had not yet been received in Las Vegas, the inventory was accrued at the appropriate cost as defined in our transfer pricing policy; however, the remaining inter-company inventory profit was inadvertently not eliminated.
Shuffle Master, Inc. Reports Restatement of Fiscal 2006 and Provides ... by Business Wire
More results
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.