Examlex
After being burned slightly by a spark from a flickering campfire,Julie became afraid when exposed to lighted gas stoves.This best illustrates:
Indirect Method
A way of reporting cash flows from operating activities in the statement of cash flows by adjusting net income for changes in balance sheet accounts.
Operating Activities
Activities that relate directly to the running of a business for profit, including production, sales, and distribution.
Net Income
The amount of profit left after all operating expenses, taxes, and interest are deducted from total revenue.
Indirect Method
In cash flow statement preparation, refers to starting with net income and adjusting for non-cash transactions to calculate operating cash flow.
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