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Which reflex of infancy will disappear first?
Financing Activity
Financial transactions and events that affect the equity and debt structure of a company, including borrowing, repaying debt, and issuing or buying back shares.
Operating Activity
Transactions and events related to the core business operations of a company, including revenue generation and expenses related to producing goods and services.
Gain
A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
Indirect Method
A method used in cash flow statements to adjust net income for the changes in non-cash accounts to calculate the cash from operating activities.
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