Examlex
Inspection is keeping errors out of process while prevention is trying to find errors so they do not get to the customer.
Indirect Method
A technique used in cash flow statements to reconcile net income with cash flow from operating activities, by adjusting non-cash transactions and changes in working capital.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenues.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life in a systematic manner.
Cash Dividend
A payment made by a company out of its profits to shareholders, typically in cash, representing a portion of the earnings allocated to each share of stock.
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