Circumstantial evidence is evidence that relies on an inference to connect it to a conclusion of fact—such as a fingerprint at the scene of a crime. By contrast, direct evidence supports the truth of an assertion directly—i.e., without need for any additional evidence or inference. Is circumstantial evidence as strongRead More →

With the indirect method, cash flow is calculated by taking the value of the net income (i.e. net profit) at the end of the reporting period. You then adjust this net income value based on figures within the balance sheet and strip-out the effect of non-cash movements shown on theRead More →