Examlex
Which of the following classifications of products apply to business goods and services?
Operating Activities
Financial transactions and events related to the core business functions, including revenue and expense activities.
Indirect Method
A cash flow statement presentation method that adjusts net income for the changes in balance sheet accounts to calculate cash flow from operating activities.
Net Income
The total profit of a company after all expenses, taxes, and costs have been deducted from total revenue, often referred to as the bottom line.
Statement of Cash Flows
A financial report showing the cash inflows and outflows from operating, investing, and financing activities of a company over a period.
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