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MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-This can inherit procedures within the base class
Direct Method
An approach to preparing the cash flow statement where actual cash flow information from operating activities is used.
Accounts Receivable
Receivables from customers for goods or services that have been furnished but remain unpaid.
Net Cash
The amount of cash remaining after all cash outflows are subtracted from total cash inflows, indicating a company's liquidity position.
Indirect Method
A method used in cash flow statements to adjust net income for transactions that do not involve cash, providing a view of cash flow from operating activities.
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