"Now That We Have Discussed the First Point,I'd Like to Move

question 42

Short Answer

"Now that we have discussed the first point,I'd like to move on to the second one," is an example of a(n)____________________.

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Definitions:

Accumulated Depreciation

The total depreciation amount that has been charged to expense a fixed asset over its useful life to reflect wear and tear, aging, or obsolescence.

Operating Activities

Day-to-day actions and transactions that are central to the primary business operations, including revenue and expense activities.

Indirect Method

A method used in cash flow statements to adjust net income for the changes in non-cash accounts to arrive at operating cash flow.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle of a business.