Examlex
A host-country national is an employee who is not a citizen of the country in which the firm's operation (or subsidiary)is located,but is a citizen of the country in which the organization is headquartered.
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.
Operating Activities
Activities directly related to the operation of the business, including production, sales, and day-to-day business management.
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