Examlex
What is the significance of bacteria in the genus Rhizobium?
Direct Method
A way of preparing a cash flow statement where actual cash flows from operating activities are reported instead of adjusting net income for non-cash items.
Prepaid Expenses
Future expenses that have been paid in advance and are accounted for as assets on a balance sheet until they are incurred.
Accrual Basis
An accounting method that records revenues and expenses when they are earned or incurred, regardless of when the cash is actually exchanged.
Accounts Receivable
Amounts due to a company from its clients for the supply of goods or services, which have yet to be paid for.
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