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Primates include the prosimians (lemurs and lorises) , New World monkeys, Old World monkeys, gibbons, orangutans, African apes, and humans.Which of the following statements about the primates is false?
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Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value of the asset as it is used.
Indirect Method
A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash from operating activities.
Net Income
The total earnings of a company after deducting all expenses, taxes, and losses, indicating the profit made during a specific period.
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