In Eastern Europe Many State or Government-Owned Enterprises Have Been

question 4

Multiple Choice

In eastern Europe many state or government-owned enterprises have been transformed into private companies in a process known as

• A) deregulation
• B) privatization
• C) expatriation
• D) repatriation

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Definitions:

Indirect Method

A technique used in cash flow statement preparation that adjusts net income for changes in balance sheet accounts to calculate operating cash flow.

Indirect Method

A financial reporting approach where increases and decreases in inventory, accounts payable, and accounts receivable are reflected in cash from operating activities.

Operating Activities

Activities related to the day-to-day functioning of a business that are reflected in its cash flow from operations.

Net Income

The company's net income following the deduction of all costs and taxes from its total revenue.