CAPITALIZED COSTS are business expenses that are written off or deducted over a period of time through depreciation or amortization schedules.
CASH FROM FINANCING is the sum of all the individual financing activity cash flow line items.
OPINION PARAGRAPH is the paragraph in the audit report that expresses the auditor's
conclusions. The wording of the standard, unqualified opinion paragraph is: "In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of XYZ Company at December 31, year A, and the results of its operations and its cash flows for the year then ended in conformity with U.S. generally accepted accounting principles."
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