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Jean is an exceptionally qualified executive and entered the company at the same time as other employees, all of whom are male. In the six years since they were all hired, Jean has outperformed each of her colleagues, but they have all been promoted several levels above her. Jean is getting frustrated by this ____, which seems to be preventing her from advancing any higher in the company.
Indirect Method
A technique used in cash flow statement preparation that adjusts net income for changes in balance sheet accounts to calculate operating cash flow.
Operating Activities
Cash flow actions related to the day-to-day operations of a business, such as receiving cash from customers and paying suppliers.
Direct Method
An allocation method that directly assigns service department costs to producing departments without any intermediate allocations.
Direct Method
A way of preparing a cash flow statement where actual cash flows from operating activities are reported instead of adjusting net income for non-cash items.
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