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Secularization is the
Direct Approach
A method used in financial accounting that records all transactions directly affecting the income statement, emphasizing cash receipts and payments.
Indirect Approach
A strategy or method that tackles objectives through indirect means rather than directly aiming at them.
Investing Activities
Transactions involving the purchase and sale of long-term assets and other investments not considered cash equivalents.
Financing Activities
Operations that lead to modifications in the magnitude and structure of an entity's equity capital or debt.
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