GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:29 Feb 6, 2003 |
German to English translations [PRO] Bus/Financial - Accounting / Balance sheet | |||||||
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| Selected response from: Steffen Walter Germany Local time: 19:28 | ||||||
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Summary of answers provided | ||||
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5 +4 | assets ... are valued at the lower of cost or market |
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5 +2 | In support of Steffen's answer above |
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4 | lowest value principle |
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4 | principle of conservatism |
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4 | my take |
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3 | minimal valuation |
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Discussion entries: 1 | |
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lowest value principle Explanation: my proposal |
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assets ... are valued at the lower of cost or market Explanation: Your assumption is spot on. Steffen :-) -------------------------------------------------- Note added at 2003-02-06 12:35:28 (GMT) -------------------------------------------------- Taking account of any potential risk, other working capital [current assets] is [are] valued [recognised] at the lower of cost or market. -------------------------------------------------- Note added at 2003-02-06 12:38:05 (GMT) -------------------------------------------------- other alternatives: - are valued in accordance with the lower of-cost-or-market principle - are valued at cost or market whichever is lower |
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