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Talk about:
-the Enabling Act
Long-Term Investment
An asset or investment held for an extended period, typically exceeding one year, to achieve higher returns.
Indirect Method
A cash flow statement preparation approach that adjusts net income for changes in non-cash accounts to calculate operating cash flow.
Operating Activities
Actions and transactions related to the core business operations, such as sales and the production of goods or services.
Net Income
The total earnings of a company after subtracting all expenses, taxes, and costs from the total revenue.
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