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There Is More Gold in 1 Km3 of the Ocean

question 72

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There is more gold in 1 km3 of the ocean than the amount of gold mined in all of recorded history.How come we do not mine the oceans?


Definitions:

Financing Activities

Transactions related to raising funds or repaying borrowed funds, as reported in the statement of cash flows.

Financing Activities

Transactions a company undertakes to fund its operations and expansions, such as issuing equity or taking on loans.

Indirect Method

A way of calculating cash flows from operating activities by starting with net income and adjusting for changes in non-cash accounts.

Cash Flows

The total amount of money being transferred into and out of a business, particularly affecting liquidity, investment, and operating activities.

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