Examlex
Describe the two kinds of transactions that occur in business.
Direct Method
A cash flow statement presentation method that enumerates major categories of gross cash receipts and payments.
Indirect Method
A way to report net cash flow from operating activities in the statement of cash flows by starting with net income and adjusting for non-cash transactions.
Crown Property
Assets owned by the monarch or government of a realm, particularly in commonwealth countries, often including lands, buildings, and heritage assets.
Statement Of Financial Position
A financial statement that shows the assets, liabilities, and equity of a company at a specific point in time, providing a snapshot of its financial condition.
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