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Under input,process,output (IPO) development order,programs or methods that ____ are developed first.
Trading Investments
Securities that a company holds for the purpose of selling them in the near term to profit from short-term price fluctuations.
Depreciation Expense
A non-cash expense that reduces the value of tangible assets over their useful life due to wear and tear or obsolescence.
Indirect Method
A method for preparing the cash flow statement, where net income is adjusted for non-cash transactions and changes in working capital.
Net Income
The net income of a business once all costs and taxes are subtracted from its total revenue.
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