Examlex
The following information relates to the manufacturing operations of the JNR Printing Company for the year: The raw materials used in manufacturing during the year totaled $118,000. Raw materials purchased during the year amount to:
Indirect Method
In finance, it refers to a cash flow statement approach that adjusts net income for the effects of transactions that do not involve cash, to calculate net cash flow from operating activities.
Income Statement
A financial document that provides a summary of a company's revenues, expenses, and profits/losses over a specified period of time.
Net Cash
An accounting term that represents the amount of cash remaining after all operating, investing, and financing activities are accounted for in a given period.
Operating Activity
Transactions and events related to the principal revenue-generating activities of an entity.
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