Examlex
Simplify the expression, and combine like terms.
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Direct Approach
A method in financial accounting that involves reporting major classes of gross cash receipts and payments, providing a clear view of a company's cash flow.
Indirect Approach
A method for preparing the cash flow statement where net income is adjusted for non-cash transactions, deferred taxes, and changes in working capital.
Investing Activities
Financial transactions and events involving the purchase and sale of long-term assets and investments, as reported in the cash flow statement.
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