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Which of the Following Are Defined by Groups of People

question 108

Multiple Choice

Which of the following are defined by groups of people and their activities or interrelationships, such as sporting events or business meetings?


Definitions:

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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