Examlex
Match the person or term with the with the correct description.
-Leo Frank
Indirect Method
A technique used in cash flow statements to calculate net cash flows from operating activities by starting with net income and adjusting for non-cash transactions and changes in working capital.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset over its useful life.
Statement of Cash Flows
A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, divided into operating, investing, and financing activities.
Operating Activities
Financial transactions and events related to the core business functions, including revenue and expense activities.
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