Examlex
Dollar signs are not used in journals and ledgers.
Long-Term Investments
Assets that a company intends to hold for more than one year, including stocks, bonds, and real estate.
Bonds Retired
The process of redeeming bonds before their maturity date, effectively removing them from circulation.
Old Equipment
Refers to machinery or tools that have been used over an extended period and may now be considered outdated or less efficient.
Indirect Method
A financial accounting technique used to prepare the cash flow statement, where changes in balance sheet items are adjusted to convert accrual-based net income into cash flow.
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