Examlex
Sperm is produced in the testes during prenatal development.
Accounts Payable
The amount a company owes on short-term debts to its vendors or suppliers.
Investing Activities
Part of the cash flow statement that details cash inflow and outflow related to the purchase and sale of long-term investments and assets.
Financing Activities
Transactions related to changes in the equity and debt of an organization, including issuing shares, paying dividends, and borrowing funds.
Indirect and Direct Methods
Two approaches for preparing cash flow statements: the direct method reports major classes of gross cash receipts and payments, while the indirect method adjusts net income for changes in balance sheet accounts to calculate cash from operating activities.
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