Examlex
The only difference between the statement of cash flows under the indirect method and the direct method is in the reporting of cash flows from operating activities.
Journal Entries
The basic means of recording financial transactions in the accounting system, consisting of debits and credits to various accounts.
Market Rate
The prevailing interest rate available in the marketplace for investments or loans of similar risk and maturity.
Contract Rate
The agreed upon rate in a financial contract, such as the interest rate on a loan or bond.
Sold at Discount
Refers to items sold below their usual selling price, often to clear inventory or promote sales.
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