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Largely because of the various cognitive limitations that Piaget described,preadolescent children tend to think in terms of concrete,unvarying rules.
Statement of Cash Flows
A document that outlines the overall cash income from both the operational efforts and investment income of a company, and the expenditure on business activities and investment payments over a specified period.
Operating Activities
Activities related to the day-to-day functions of a business involved in producing and selling its products or services.
Indirect Method
A method used for the cash flow statement that starts with net income and adjusts for changes in account balances that affect available cash.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a fixed asset since it was put into service.
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