Examlex
Costs that reflect what costs should be for the units of product manufactured during the period under normal efficient operating conditions are known as
Indirect Method
A method used in cash flow statements to adjust net income for the changes in non-cash accounts to arrive at operating cash flow.
Net Income
The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.
Operating Activities
The day-to-day actions that involve the production, sales, and delivery of a company's product or service, as reflected in its income statement.
Statement Of Cash Flows
A financial document that provides a summary of a company's cash inflows and outflows over a specific period.
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