Examlex
Explain the purpose and format of the statement of cash flows.Also,describe its use to decision makers.
Working Capital
The disparity between a firm's existing resources and its short-term obligations, showcasing its ability to fulfil financial commitments and operational prowess.
Current Assets
Resources anticipated to be transformed into cash, sold off, or used up either within a year or over the span of the business's regular operational cycle, depending on which is more extended.
Current Liabilities
Short-term financial obligations that a company is expected to pay within one year.
Reasonably Possible
A term used in accounting and legal contexts to describe outcomes that are more than remote but less than likely.
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