n
In accounting, an approach under which the value of goods held for sale
is set at the lower of acquisition cost or market price.
lower of cost or market method - Legal Definition
Webster's New World Law Dictionary Copyright © 2010 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
Link to this page
Cite this page
MLA Style
"lower of cost or market method." YourDictionary, n.d. Web. 14 April 2019. <https://www.yourdictionary.com/lower-of-cost-or-market-method>.
APA Style
lower of cost or market method. (n.d.). Retrieved April 14th, 2019, from https://www.yourdictionary.com/lower-of-cost-or-market-method
