Examlex
Which is an example of the government command approach?
Accrual Basis
An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when cash transactions occur.
Cash Basis
An accounting method where revenue is recorded when cash is received, and expenses are recorded when cash is paid out, without regard to when the transactions actually occur.
Indirect Method
A technique used in cash flow statement preparation that adjusts net income for changes in non-cash accounts to compute net cash provided by operating activities.
Patent Amortization
The gradual expense recognition of a patent's cost over its useful life to reflect the consumption of the patent's value over time.
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