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The simple definition of evolution is
Comparative Balance Sheets
Comparative balance sheets present the financial position of a company at two different points in time, allowing for analysis of changes and trends.
Inventory
The sum of all products and materials possessed by a firm, intended for either reselling or manufacturing.
Statement of Cash Flows
A financial report detailing the inflow and outflow of cash and cash equivalents for a business.
Direct Method
A cash flow statement preparation technique that lists all major operating cash receipts and payments for the period.
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