Examlex
Accounts Payable
The amount of money owed by a company to its suppliers or creditors for goods or services received.
Operating Activities
Transactions and events that are directly related to the primary operations of the company, such as sales and service delivery.
Indirect Method
A cash flow statement preparation approach that adjusts net income for changes in non-cash accounts to calculate cash flow from operating activities.
Gain on Sale
The profit earned from the sale of an asset or investment, calculated as the difference between the sale price and the original purchase price.
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