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In recent years, reductions in global poverty have been aided by debt write-offs for the poorest nations.
Cash Payments
Outflows of cash made by a business, including expenses, creditor payments, and other liabilities, during a specific period.
Statement of Cash Flows
It's a financial document summarizing the total cash entering a company from operational earnings and investment revenues, as well as the cash spent on business-related activities and investment outlays during a specific period.
Operating Activities
Business activities related to the day-to-day operations that generate revenue, such as sales and purchasing of inventory.
Indirect Method
In accounting, a method used to calculate cash flows from operating activities by starting with net income and adjusting for non-cash transactions.
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