Examlex
Which of the following statements is true?
Indirect Method
A method used to prepare the cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate the cash from operating activities.
Term Deposit
A bank deposit with a fixed term and interest rate, where the money must remain deposited for a specified duration, incurring penalties for early withdrawal.
Cash Equivalent
Short-term, highly liquid investments that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value.
Insurance Proceeds
The money received by an insured party from an insurance company to cover a claim.
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