Instructions: Explain/Define the Following Terms

question 28

Essay

Instructions: Explain/Define the following terms.
import-substitution industrialization

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Definitions:

Investing Activities

Transactions involving the purchase and sale of long-term assets and investments, part of the cash flow statement.

Indirect Method

A technique used in financial accounting to calculate cash flows from operations by adjusting net income for non-cash transactions.

Operating Activities

The primary, day-to-day activities of a business that relate to its production, sales, and delivery of goods and services.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was acquired, representing the wear and tear on the asset over time.