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Which of the following statements would John Locke find acceptable?
Financing Activities
Activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.
Statement of Cash Flows
A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.
Non-Current Liabilities
Liabilities not due for settlement within 12 months after the reporting period, often including long-term loans, bonds payable, and lease obligations.
Profit After Tax
The net income earned by a company after all taxes have been deducted from total revenue.
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