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Which is true about Point of Service (POS) plans?
Operating Activities
Activities that relate to the primary, day-to-day operations of a business, such as selling products or providing services.
Prepaid Expenses
Assets on the balance sheet representing services or goods paid for upfront but not yet consumed.
Indirect Method
A technique used in cash flow statement preparation, adjusting net income for changes in non-cash accounts to arrive at operating cash flow.
Net Income
The net income a company earns once it has subtracted all costs and taxes from its revenues.
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