Examlex
Refraction is the ability of the lens of the eye to bend light rays so that they simultaneously focus on the cornea.
Indirect Method
An accounting technique used to prepare the cash flow statement, where increases in non-cash current assets are subtracted from, and increases in current liabilities are added to, net income to arrive at net cash flow from operating activities.
Net Cash
The difference between all cash inflows and outflows within a given period, often used to assess financial health.
Operating Activities
Day-to-day actions and transactions that are directly related to running a business, such as buying, selling, and production.
Prepaid Expenses
Expenses paid in advance for goods or services to be received in the future, recognized as assets on the balance sheet until used or consumed.
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