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Many Different Types of Output Are Generated by an Accounting

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Many different types of output are generated by an accounting information system.The authors identified general categories of output.The category that would include any document that management determines would be useful to the business is:


Definitions:

Indirect Method

A method for preparing the cash flow statement where net income is adjusted for changes in balance sheet items to calculate cash flow from operating activities.

Depreciation Expense

This is the systematic allocation of the cost of a tangible asset over its useful life.

Investing Activities

Financial transactions and decisions related to acquiring or disposing of long-term assets and investments that can affect a company's capital structure.

Cash Inflow

Refers to the money received by a business from its various activities, including sales, investments, and financing.

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