Examlex
The police are part of the executive branch of government.
Gain on Sale
The profit earned from the sale of an asset or investment, calculated as the difference between the sale price and the original purchase price.
Operating Activities
The day-to-day actions that are involved in running a business and generating revenue, such as production, sales, and delivery of the company’s product and services.
Direct Method
A way of reporting cash flows from operating activities by listing major classes of gross cash receipts and payments.
Amortization of Bond Premium
The process of gradually writing off the premium paid over the par value of a bond over its life.
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