Examlex
A new focus of the federal grants program under Great Society initiatives such as the Model Cities program was:
Depreciation
The process of allocating the cost of a tangible or physical asset over its useful life, representing wear and tear, deterioration, or obsolescence.
Operating Cash Flow
Operating cash flow refers to the cash generated from the normal operating activities of a business within a specific time period.
Fixed Assets
Long-term tangible assets that are used in the operations of a business and are not expected to be converted into cash in the upcoming year.
Retained Earnings
The amount of net income left over for the business after it has paid out dividends to its shareholders, often reinvested in the business or used to pay down debt.
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