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Use the following codes to indicate how the cash flow effect, if any, of each transaction or event would be reported on a statement of cash flows if the operating activities section is prepared using the indirect method. (Choices may be used more than once.)
-Issued long-term bonds.
Purchase Returns
Transactions where buyers return previously purchased merchandise to the seller, often because of defects or errors in the shipment.
Returns
The process of a customer returning previously purchased merchandise back to the seller, or the amount of profit generated from an investment.
Gross Margin Ratio
A financial indicator that calculates the disparity between sales and the cost of goods sold, represented as a portion of sales revenue.
Net Sales
The total revenue from sales reduced by returns, allowances for damaged or missing goods, and discounts.
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