Dash and Long-Leg Are Nigerian Terms Tharefer to Types Orunners

question 30

True/False

Dash and Long-Leg are Nigerian terms tharefer to types orunners.

---

Definitions:

Depreciation

The process of allocating the cost of buildings and equipment (but not land) over their productive lives using a systematic and rational method

Accounts Receivable

Represents money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash flow from operating activities.

Depreciation Expense

The allocated portion of the cost of a tangible fixed asset written off each year, reflecting its usage and wear and tear.