Instructions: Identify the Following Terms

question 60

Short Answer

Instructions: Identify the following terms:
Protestantism

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Definitions:

Investing Activities

Financial transactions and events related to the acquisition or disposal of long-term assets and investments included in a company’s cash flow statement.

Long-Term Assets

Long-term assets are assets that a company expects to use for more than one year, including property, plant, equipment, and intangible assets.

Notes Receivable

Financial assets representing amounts due to be paid to a company by customers or other entities in the form of promissory notes.

Direct Method

A method of preparing the cash flow statement where actual cash flow information from the company's operations is used, as opposed to indirect method adjustments.