Examlex
The wings of bats and birds have similar traits. What is this an example of?
Indirect Method
A way of calculating cash flows from operating activities in the statement of cash flows, where net income is adjusted for changes in balance sheet items that affect cash.
Depreciation Expense
Depreciation expense is the allocated amount of the cost of a tangible or physical asset that is expensed over its useful life, reflecting wear and tear or obsolescence.
Gain On Sale
The profit realized when an asset is sold for more than its book value.
Indirect Method
A way of presenting the cash flow statement that adjusts net income for changes in balance sheet accounts to calculate cash flow from operating activities.
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