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Economic Benefits
The advantages or gains received from actions or decisions made in terms of increased income, cost savings, or improved financial health.
Present Obligations
Current commitments arising from past events, expected to lead to an outflow of resources embodying economic benefits.
Past Transactions
Financial activities or deals that have been completed in the past, impacting the financial position of a business.
Direct Method
A cash flow statement approach that lists major categories of gross cash receipts and payments, providing a clearer view of a company's cash flow from operational activities.
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