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Nelda is married to Chad, who abandoned her in early June of 2012.She has not seen or communicated with him since then. She maintains a household in which she and her two dependent children live.Which of the following statements about Nelda's filing status in 2012 is correct?
Net Cash Provided
A financial metric that represents the amount of cash generated by a company's operating activities.
Indirect Method
A cash flow statement approach that starts with net income and adjusts for changes in balance sheet accounts to calculate the cash from operating activities.
Operating Activities
The primary revenue-producing activities of a business, involving transactions and events that affect net income.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenue.
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