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Indirect Form
Often used in reporting cash flows, an approach that adjusts net income for changes in balance sheet accounts to derive cash flow from operating activities.
Exchange Rate
The value of one currency for the purpose of conversion to another. It determines how much of one currency can be exchanged for another currency.
Reciprocal
Pertaining to a mutual exchange or relationship where two parties give and take symmetrically.
Functional Currency
The currency of the primary economic environment in which an entity operates and generates cash flows.
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