Examlex
According to L.L.Thurstone, intelligence should be conceptualized as seven primary mental abilities, which include verbal comprehension, verbal fluency, ____________________, spatial ability, memory, perceptual speed, and reasoning.
Indirect Method
A way to report cash flows from operating activities by starting with net income and adjusting for non-cash transactions.
Accrual Earnings
Earnings that are recognized when revenues are earned and expenses are incurred, not necessarily when cash is received or paid.
Reconciliation
The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.
Direct Method
The Direct Method in accounting is a way to present the cash flow statement, showing actual cash receipts and payments, directly reporting major classes of gross cash receipts and payments.
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