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While multinational corporations face almost limitless social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive opportunities and threats, the number and complexity of these factors do not dramatically increase with the number of products produced and the number of geographic areas served.
Classified Balance Sheet
A balance sheet that organizes a company's assets, liabilities, and equity into subcategories for more detailed and understandable financial analysis.
Adjusted Trial Balance
A financial statement that lists all account balances in the general ledger after adjustments are made, ensuring the total credits equal total debits.
Statement of Cash Flows
The statement of cash flows is a financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.
Cash Collections
The process and amount of cash gathered from receivables or sales transactions over a certain period.
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