Examlex
Which of the following is not a characteristic of the product group structure?
Current GAAP
Generally Accepted Accounting Principles as they are presently defined and practiced in the United States for financial reporting.
Direct Method
A way of reporting cash flows from operating activities by showing major classes of gross cash receipts and payments.
Operating Activities
Operating activities involve the primary day-to-day functions of a business related to producing and selling its goods or services.
Statement of Cash Flows
A financial statement that provides a detailed analysis of what happened to a company's cash during a period, categorizing cash flows into operating, investing, and financing activities.
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