Examlex
Reports of competency evaluations should include all of the following except
Direct Method
A method of presenting the operating activities section of the statement of cash flows that reports components of cash flows from operating activities as gross receipts and gross payments.
Accounts Receivable
Represents money owed to a company by its customers for goods or services delivered but not yet paid for.
Indirect Method
A way of calculating cash flows for operational activities by starting with net income and adjusting for non-cash transactions.
Net Income
The total profit of a company after all expenses, including taxes and interest, have been deducted from revenues.
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