Examlex
When preparing the statement of cash flows using the indirect method,non-cash expenses such as amortization is added to net income to arrive at cash flows from operating activities.
Enforceable
Refers to a rule, obligation, or agreement that can be legally imposed or carried out.
Illegal Contract
An agreement that is void and unenforceable by law due to its illegal subject matter or terms.
Legislation
The process of making or enacting laws.
Void
A term describing a legal document that is null and has no legal force or effect.
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