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Balance Sheet
A report detailing a corporation's assets, liabilities, and owners' equity at a particular moment.
Comparative Data
Information presented for two or more periods to facilitate quantitative analysis, allowing for trend analysis and benchmarking.
Operating Expenses
Costs incurred during the normal operations of a business, excluding costs related to the production of goods or services.
Direct Method
A cash flow statement preparation approach that lists major categories of gross cash receipts and payments.
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