Credit for the Idea of ________ Should Go to Procter

question 76

Short Answer

Credit for the idea of ________ should go to Procter & Gamble, who with this concept pioneered the marketing services system.

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Definitions:

Indirect Method

A reporting approach used in statement of cash flows to adjust net income for non-cash transactions and changes in working capital to arrive at cash provided by or used in operating activities.

Operating Activities

Activities related to the core business operations of a company, including production, sales, and delivery of the company's products and services.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenue.

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, reflecting wear and tear over time.