Examlex
Which of the following is NOT true of specifiers?
Indirect Method
The indirect method is a way of preparing the cash flow statement in which net income is adjusted for changes in balance sheet accounts to compute the cash flow from operating activities.
Operating Activities
Daily business functions and transactions related to a company's core business operations, such as sales, provision of services, and purchasing of raw materials.
Expenses
Costs incurred in the process of earning revenue, including operational costs, utilities, salaries, and rent.
Investing Activities
Transactions involving the purchase and sale of long-term assets and other investments, included in a company's cash flow statement.
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