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Describe how proprietary colonies were designed to operate,provide details about two or three of them,and explain why they usually did not remain proprietary colonies.
Fixed Assets
Long-term tangible assets used in a company's operations that are not expected to be converted into cash within a year.
Current Liabilities
Short-term financial obligations that are due within a year or within the normal operating cycle of a business.
Indirect Method
A cash flow statement presentation method that adjusts net income for changes in balance sheet accounts to calculate cash flow from operating activities.
Operating Activities
The day-to-day actions that a business undertakes to generate revenue, as reflected in the cash flow statement.
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