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The main issue in the development of the Law of the Sea was the rights to fisheries.
Direct Method
A way of preparing the cash flow statement where actual cash flows from operating activities are listed, opposed to adjusting net income for indirect factors.
Net Cash Flows
The total amount of cash and cash-equivalents being transferred into and out of a business.
Operating Activities
Transactions and events that affect the net income, related to the core business operations of a company.
Cost of Goods Sold
Expenditures directly resulting from the manufacturing of a company’s products for sale, comprising materials and employee wages.
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