Examlex
________ refers to a legally established inability to understand right from wrong, or to conform one's behaviour to the requirements of the law. Also, a defence allowable in criminal courts.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired, reflecting its use and wear over time.
Investing Activity
A category in financial statements that represents cash flows related to the purchase or sale of long-term assets or investments.
Statement Of Cash Flows
A financial statement that highlights the major activities that impact cash flows and, hence, affect the overall cash balance.
Sale Of Equipment
The process of selling off business assets, such as machinery or office equipment, usually to generate cash.
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