Examlex
Which of the following is the correct sequence of the different zones in the open ocean (top to bottom) ?
Accruals
Accounting method that records revenues and expenses when they are earned or incurred, regardless of when the cash transaction occurs.
Indirect Method
A method used to prepare the cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate the cash from operating activities.
Term Deposit
A bank deposit with a fixed term and interest rate, where the money must remain deposited for a specified duration, incurring penalties for early withdrawal.
Cash Equivalent
Short-term, highly liquid investments that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value.
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