The Method of Preparing a Statement of Cash Flows That

question 135

Short Answer

The method of preparing a statement of cash flows that reconciles net income to the net cash provided by operating activities

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Definitions:

Blank Endorsement

Blank Endorsement is a signature on a financial instrument, such as a check, without designating a payee, making it payable to the bearer.

Drawer

In accounting, the entity (person or organization) that issues or writes a bill of exchange, check, or draft, instructing another entity to pay.

Drawee

Bank that drawer has an account with.

Credits Account

A financial record that boosts a liability or equity account, or lowers an asset or expense account.