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Describe right and left oblique sketches.
Indirect Method
A reporting approach used in cash flow statements where net income is adjusted for non-cash transactions and changes in working capital to arrive at cash flow from operating activities.
Financing Activities
Transactions related to raising capital and repaying investors, affecting the company's equity and long-term debt.
Free Cash Flow
The amount of cash generated by a business after accounting for capital expenditures, essential for maintaining or expanding assets.
Operating Activities
Transactions and events that relate to the principal revenue-generating activities of the company.
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