ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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FAIR MARKET VALUE Definition
FAIR MARKET VALUE is the price at which a willing seller will sell and a willing buyer will buy, in an arms- length transaction, when neither is under compulsion to sell or buy and both have reasonable knowledge of relevant facts.
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TRANSPORTATION OUT is part of cost of selling therefore included as selling expense, i.e. part of SG&A.
SKATIKAS (SKATIKU, SKATIKAI) is a currency of Lithuania.
