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Flannery Company uses a worksheet to prepare its statement of cash flows.The company also uses the indirect method for the Operating Activities section of its statement.For each of the following changes in the balance sheet, indicate what activity it affects and whether it is an addition or deduction.
-Capital stock increased
Market Demand
The overall sum of a particular good or service that every customer in a market is eager and able to acquire at a range of prices.
Equilibrium Price
The market price at which the quantity demanded equals the quantity supplied, leading to market equilibrium.
Purely Competitive Market
A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price-taking behavior.
Total Revenue
The total amount of money a company receives from its goods or services over a certain period of time.
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