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Inventory

Definition: Finished goods, components or raw material on hand. Definition: [crh] For companies: Raw materials, items available for sale or in the process of being made ready for sale. They can be individually valued bDefinition: y several different means, including cost or current market value, and collectively by FIFO (First in, first out), Definition: F="/?rd=LIFO (Last in, first+out)">LIFO (Last in, first out) or other techniques. The lower value of alternatives is usually used to preclude overstating earnings and Definition: assets. For securities firms: Securities bought and held by a broker or dealer for resale.

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