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_________ mean(s) that the organization will attempt to reach much higher goals with the current budget.
Indirect Method
A method used in cash flow statement preparation that adjusts net income for non-cash transactions, deferrals, and accruals.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against an asset since it was put into use, reducing its book value.
Investing Activity
Financial transactions related to the acquisition or disposal of long-term assets and investments, reflected in a company's cash flow statement.
Indirect Method
A method used in cash flow statements to adjust net income for non-cash transactions and changes in working capital to calculate net cash provided by operating activities.
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