LCM RULE Definition

Bookmark and Share

LCM RULE is an abbreviation for lower-of-cost-or-market rule. LCM requires that an asset be reported on the financial statements at the lower of purchase cost or market value.

Learn new Accounting Terms

SPECIAL INTEREST PURCHASERS are acquirers that believe they can enjoy post-acquisition economies of scale, synergies, or strategic advantages by combining the acquired business interest with their own.

ECONOMIC PROFITS is the difference between the total revenue and the total opportunity costs.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.