A Closed Envelope Icon Next to a Message in the Inbox

question 38

Multiple Choice

A closed envelope icon next to a message in the Inbox indicates that it ____.

• A) is displayed in the Navigation pane
• B) has been permanently deleted
• C) has not been read yet
• D) is ready to send

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Definitions:

Net Income

The remaining profit after deducting all operating expenses, taxes, and additional costs from the total revenue.

Indirect Method

The indirect method is a way of calculating cash flows from operating activities by starting with net income and adjusting for non-cash transactions.

Indirect Method

A way of reporting net cash flow from operating activities by starting with net income and adjusting for changes in balance sheet items.

Direct Method

A accounting approach for creating the cash flow statement, which lists major classes of gross cash receipts and payments.