Examlex
Trent Company prepared the tabulation below at December 31, 2010.
Show how each item should be reported in the statement of cash flows. Use parentheses for deductions.
Security Interests
A legal claim or lien on collateral that secures the performance of an obligation, typically seen in financing transactions.
Enforceable Oral Contracts
Verbal agreements that are recognized by law as binding, provided they meet certain criteria and are not for purposes requiring written contracts under the statute of frauds.
Substitute
An alternative or replacement for something else, often found or used when the original is unavailable or unsuitable.
Extend
To prolong the duration of something or to reach out in space or time.
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