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Ethical formalism falls under a ______ system, as the focus is on the act and its rightness (or wrongness) rather than on the consequences of the act.
Treasury Stock
Stock that has been issued but has been bought back by the corporation or received as a gift.
Net Cash
Describes the amount of cash remaining after all cash expenditures, or disbursements, are subtracted from the cash receipts during a given period.
Indirect Method
A method used in accounting to calculate cash flows from operating activities, adjusting net income by changes in non-cash accounts.
Direct Method
A technique used in cash flow statements to present cash activities directly related to operating activities.
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