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NetflixCom Asks Its Customers to Rate the Videos They Have

question 23

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Netflix.com asks its customers to rate the videos they have watched.This information is then used to rank videos for other Netflix.com subscribers.These subscribers can then use the video rankings to help them decide on a video to rent.Through this process,Netflix.com is helping its customers apply the:

Apply the direct and indirect methods to determine net cash provided by operating activities.
Identify and classify noncash investing and financing activities.
Calculate the effects of changes in balance sheet accounts on cash flows.
Recognize the impact of specific transactions on the cash flows of a company.

Definitions:

Partnership Business

A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed.

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