Examlex
Capitalize all of the following except
Cost of Goods Sold
The direct costs attributed to the production of the goods sold by a company, including materials and labor.
Accounts Payable
A liability to a creditor, carried on an open account, usually for purchases of goods and services.
Indirect Method
A way of reporting cash flows from operating activities in the cash flow statement by adjusting net income for changes in non-cash accounts.
Comparative Balance Sheet
A comparative balance sheet presents the financial position of a company at different points in time side by side, to analyze trends or changes in financial status.
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