Examlex
How does this building differ from the architect's other designs?
Indirect Method
In cash flow statement preparation, refers to starting with net income and adjusting for non-cash transactions to calculate operating cash flow.
Accounts Payable
Liabilities of a business that represent amounts owed to creditors for goods and services received but not yet paid for.
Accrued Liabilities
Liabilities recognized on the balance sheet before a company receives the related goods or services.
Indirect Method
A cash flow statement preparation approach that adjusts net income for changes in non-cash items to arrive at operating cash flow.
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