Examlex
Modality refers to:
Step-down Method
A cost allocation method used to allocate overhead costs to departments or products, moving sequentially from departments with the highest overhead costs to those with the least.
Service Department
A service department is a unit within an organization that provides support services to other departments, rather than directly contributing to revenue.
Operating Department
A department in which the central purposes of the organization are carried out.
Direct Method
An approach to preparing a cash flow statement where actual cash flows from operating activities are listed directly.
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