Examlex
When a 12-volt test light is touched into a connector it lights. Following the wire toward the load, the next connector is probed with no light. What does this indicate?
Direct Method
A method of preparing the cash flow statement where actual cash flows from operating activities are listed, as opposed to the indirect method which adjusts net income for non-cash transactions.
Net Cash Provided
The amount of cash generated through a company's operations, after accounting for outflows and inflows.
Prepaid Expenses
Costs paid for in advance of receiving the benefit, such as insurance or rent, which are recorded as assets initially.
Free Cash Flow
The amount of cash a company generates after accounting for capital expenditures, indicating the ability to repay creditors or pay dividends and interest to investors.
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