Examlex
Which of the following sentences is the most concisely worded?
Indirect Method
A method used in cash flow statements to calculate net cash flow from operating activities by adjusting net income for non-cash transactions.
Comparative Balance Sheet
A financial statement that presents the financial position of a company at different points in time, side-by-side, to enable comparison.
Accounts Receivable
Debts owed by clients to a business for provided services or products yet to be paid.
Statement of Cash Flows
A financial document detailing the inflow and outflow of cash within a company, showing how changes in the balance sheet and income affect cash and cash equivalents.
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