Examlex
Convert to a mixed number:
Accounts Receivable
Represents money owed to a company by its customers for goods or services provided on credit.
Sales
Revenue earned from the exchange of goods or services during a specific period.
Direct Approach
A method used in cash flow statements where cash receipts and payments are reported directly to calculate net cash from operating activities.
Indirect Approach
A method used in cash flow statements where net income is adjusted for non-cash transactions and changes in working capital to calculate operational cash flow.
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