Examlex
If a contract calls for personal services, the death or physical incapacity of the person to perform such services discharges the contract.
Cash Flow Statement
A financial report summarizing the total cash income from a company's operational activities and external funding, along with the expenditure on business operations and investments within a specific timeframe.
Operating Activities
Activities that relate to the core business operations of a company, including revenue and expense transactions.
Direct Method
A cash flow statement preparation approach that lists major classes of gross cash receipts and payments.
Gain
A financial term referring to the positive difference between the sale price of an asset and its original purchase price.
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