Examlex
Which of the following is NOT true in regard to online conflict?
Cash Basis
An accounting method where revenue is recorded when cash is received, and expenses are recorded when cash is paid out, without regard to when the transactions actually occur.
Indirect Method
A technique used in cash flow statement preparation that adjusts net income for changes in non-cash accounts to compute net cash provided by operating activities.
Patent Amortization
The gradual expense recognition of a patent's cost over its useful life to reflect the consumption of the patent's value over time.
Net Income
Net income is the total profit of a company after all expenses, including taxes and operational costs, have been subtracted from total revenue.
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