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STAT
Sequential Method
A procedure in cost accounting for allocating service department costs to producing departments in a specific order.
Direct Method
Definition: A cash flow statement preparation approach that presents major classes of gross cash receipts and payments.
Algebraic Expression
A mathematical phrase that can contain ordinary numbers, variables (like x or y), and operators (like add, subtract, multiply, and divide).
Janitorial Department
A division within a business that is responsible for maintaining the cleanliness of the premises.
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