Examlex
Efficient communication occurs at minimum cost in terms of resources expended.
Indirect Method
The indirect method is a way of calculating cash flows from operating activities in a cash flow statement by starting with net income and adjusting for changes in balance sheet items.
Wages Payable
A liability account representing the amount of wages owed to employees for work done that has not yet been paid.
Indirect Method
An approach to assemble the cash flow statement by adjusting net income for fluctuations in balance sheet accounts to determine the cash flow originating from operations.
Operating Activities
The component of cash flow statement that reflects the cash generated or used by the core business operations.
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