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What are the characteristics, advantages, and disadvantages of the three major grandparenting styles?
Indirect Method
A method for preparing cash flow statements where net income is adjusted for changes in balance sheet items to compute cash from operating activities.
Operating Activities
Transactions related to the primary operations of a business, such as sales revenue and expenses, that affect the cash flow.
Current Assets
Assets that a company expects to convert to cash, sell, or consume within one year or its operating cycle, whichever is longer.
Fixed Assets
Long-term tangible assets used in a company's operations that are not expected to be converted into cash within a year.
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