CASH FLOW STATEMENT Definition

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CASH FLOW STATEMENT see STATEMENT OF CASH FLOWS.

Learn new Accounting Terms

INHERENT LIMITATION is whether the potential effectiveness of an entity's internal control is subject to inherent limitations, e.g., human fallibility, collusion, and management override.

TAX PAYABLE METHOD is where the tax expense is equal to the provision for taxes payable in a particular period and deferred income tax is not recognized.

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