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T1 Lines

question 60

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T1 lines


Definitions:

Land

A tangible asset representing property owned by an individual or business.

Operating Activities

Activities related to the core business functions of a company, such as manufacturing, distributing, marketing, and selling a product or service.

Investing Activities

Transactions involving the acquisition and disposal of long-term assets and investments not included in cash equivalents.

Indirect Method

A way of reporting cash flows from operating activities on the cash flow statement, where net income is adjusted for changes in balance sheet accounts to reconcile to cash provided by or used in operations.

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