Examlex
What does the Employment Act of 1946 specify? Why is it an important economic milestone?
Statement of Cash Flows
A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.
Indirect Method
A way of calculating cash flows for operating activities in the cash flow statement by adjusting net income for changes in non-cash items.
Operating Activities
Operating activities involve the day-to-day functions of a business directly related to its provision of goods and services.
Net Income
The total profit of a company after all expenses and taxes have been subtracted from total revenue.
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