Examlex
Which of the following are defined by groups of people and their activities or interrelationships, such as sporting events or business meetings?
Indirect Method
A method of preparing a statement of cash flows in which net income is adjusted for items that do not affect cash, to determine net cash provided by operating activities.
Accounts Receivable
Amounts owed to a business by its customers for goods or services that have been delivered or used but not yet paid for.
Net Income
The total earnings of a company after all expenses and taxes have been deducted from revenues.
Statement of Cash Flows
A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.
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