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Why is the operating activities section of the direct method cash flow statement just a cash-basis income statement?
Dividends Account
An account in a company's financial records where dividend payments are recorded, reflecting distribution of profits to shareholders.
Debit Balance
A situation in accounting where the sum of debits exceeds the sum of credits, often indicating the amount owed or an asset's value.
Debt Ratio
A financial ratio that measures the extent of a company's or individual's leverage, calculated by dividing total liabilities by total assets.
Services Revenue
Income earned by a company through the provision of services to customers.
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