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18-99 Which of the following rankings of liabilities is correct if they are ranked by withdrawal risk from riskiest to least risky?
Net Income
The amount of money remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from a company's total revenue.
Indirect Method
A financial reporting approach used primarily for cash flow statements that adjusts net income for changes in non-cash accounts to calculate cash flow from operating activities.
Cash Dividends
Payments made by a company to its shareholders out of its profits or reserves.
Net Income
The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.
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