lower of cost or market

lower of cost or market(LCM) A method of valuing a current asset of an organization in which the value taken is either its purchase (or production) price or the cost of replacing it (by purchase or manufacture), whichever is the lower. The Companies Act requires that a current asset be valued at either its purchase (or production) price or its net realizable value, whichever is the lower.

• OR
• order cheque
• order driven
• order of business
• order-qualifying criteria
• order-routine specification
• order-winning criteria
• ordinary activities
• ordinary resolution
• ordinary share
• ordinary share capital
• organic growth
• organic organization
• organizational behaviour
• organizational buying
• organizational commitment
• organizational culture
• organizational design
• organizational development
• organizational psychology
• organizational theory
• organization and methods
• organization chart
• Organization for Economic Cooperation and Development
• Organization of the Petroleum Exporting Countries