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Which of the following is NOT a formal contract?
Operating Activities
Activities that are directly related to the day-to-day operations of a business, including revenue generation and expense incurrence.
Indirect Method
A technique used in cash flow statement preparation that adjusts net income for changes in non-cash accounts to calculate operating cash flow.
Net Income
A company's overall income after deducting all expenses and taxation from gross revenue.
Accumulated Depreciation
The total depreciation amount that has been charged to expense a fixed asset over its useful life to reflect wear and tear, aging, or obsolescence.
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