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Organisation Transformation May Occur in Response to Sharp Changes in Legal

question 49

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Organisation transformation may occur in response to sharp changes in legal, political, economic and technological conditions that shift the basis for competition within an industry.


Definitions:

Accumulated Depreciation

The cumulative total of depreciation costs noted for an asset since it was acquired.

Original Cost

The initial purchase price or acquisition cost of an asset or investment.

Statement of Cash Flows

It's a fiscal summary that tracks changes in balance sheet entries and the impact of income on cash and equivalents, sorting these modifications by operating, investing, and financing functions.

Indirect Method

A cash flow statement preparation method that adjusts net income for changes in non-cash accounts to calculate operating cash flow.

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