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LIFO Liquidation

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Definition of LIFO Liquidation

LIFO Liquidation Image 1

LIFO Liquidation

A reduction in the physical quantity of an inventory that is accounted for
using the lifo inventory method.



Related Terms:

Involuntary liquidation preference

A premium that must be paid to preferred or preference stockholders if
the issuer of the stock is forced into involuntary liquidation.


Last-In-First-Out (LIFO)

A method of valuing inventory that uses the cost of the most recent item in
inventory first.


Last-in, first-out (LIFO)

An inventory costing methodology that bases the recognized cost of
sales on the most recent costs incurred, while the cost of ending inventory is based
on the earliest costs incurred. The underlying reasoning for this costing system is
the assumption that goods are sold in the reverse order of their manufacture.


Last-in, first-out (LIFO)

An inventory valuation method under which one assumes that the
last inventory item to be stored in a bin is the first one to be used, irrespective of
actual usage.


Last-In, First-Out (LIFO) Inventory Method

The inventory cost-flow assumption that assigns the most recent inventory acquisition costs to cost of goods sold. The earliest inventory
acquisition costs are assumed to remain in ending inventory.



LIFO

The last-in, first-out method of inventory cost determination. Assumes that cost of goods
sold is comprised of newer goods, the last goods purchased or manufactured by the firm.


LIFO Dipping

Reducing lifo inventory quantities and, as a result, including older and lower
costs in the computation of cost of sales, resulting in an increase in earnings.


LIFO Liquidation Image 2

LIFO (Last-in-first-out)

The last-in-first-out inventory valuation methodology. A method of valuing
inventory that uses the cost of the most recent item in inventory first.


LIFO (Last In, First Out)

An inventory valuation method that presumes that the last units received were the first ones
sold.


Liquidation

When a firm's business is terminated, assets are sold, proceeds pay creditors and any leftovers
are distributed to shareholders. Any transaction that offsets or closes out a Long or short position. Related:
buy in, evening up, offsetliquidity.


Liquidation

The process of selling off all the assets of a business entity, settling its liabilities,
and closing it down as a legal entity.


liquidation

Sale of bankrupt firm’s assets.


Liquidation rights

The rights of a firm's securityholders in the event the firm liquidates.


Liquidation value

Net amount that could be realized by selling the assets of a firm after paying the debt.


Liquidation Value

The net proceeds (after taxes and expenses) of selling the assets
of a company at fair market prices


liquidation value

Net proceeds that would be realized by selling the firm’s assets and paying off its creditors.



 

 

 

 

 

 

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