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Maricella is typing her term paper in the computer lab. Although a class is going on just a few feet away, she does not seem to notice. Which part of the brain allows Maricella to focus on her typing and ignore the distractions that surround her?
Accounts Receivable
The amount owed to a business by its customers for goods or services that have been delivered but not yet paid for.
Net Income
The total revenue minus expenses, taxes, and costs, representing the profit of a company over a specific time period.
Direct Method
The direct method in accounting refers to a way of reporting cash flows from operating activities by directly listing major classes of gross cash receipts and payments.
Indirect Method
A technique used in cash flow statement preparation where net income is adjusted for non-cash transactions and changes in working capital to arrive at operating cash flow.
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