Examlex
Upon the termination of an agency, the agent's actual authority ceases. However, apparent authority may continue until actual notice of the termination is given to third parties.
Indirect Method
A method of presenting the cash flow statement where net income is adjusted for non-cash transactions and changes in working capital to arrive at cash flow from operating activities.
Net Income
The net earnings of a company once all costs and taxes are subtracted from the total income.
Indirect Method
An approach used in cash flow statement preparation that adjusts net income for changes in non-cash accounts to calculate cash from operating activities.
Net Cash Flow
The amount of cash generated or lost over a specific time period, accounting for cash inflows and outflows from operating, investing, and financing activities.
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