Examlex
The starting and ending balances for relevant asset and liability accounts that changed during the year are presented below. Net income was $650,000 for the year and dividends paid were $150,000. Depreciation expense for 2011 was $7,000, and all other changes in accumulated depreciation and property, plant, and equipment related to the sale of property at book value. No other non-cash transactions occurred. Use this information to calculate the net cash inflows (outflows) from investing and financing activities in 2011.
RAD
Rapid Application Development, a software development methodology aimed at providing quick results through iterative cycles and minimal planning.
Prototypes
Preliminary models of products or systems used for testing and validation before full-scale production or development.
RAD
Rapid Application Development is a form of agile software development methodology that prioritizes rapid prototype releases and iterations.
Iterative Process
A method of operation that involves repeating a series of steps to achieve a goal or refine results with each repetition.
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