The Purchase of Equipment Using Cash Is an Investing Activity

question 30

True/False

The purchase of equipment using cash is an investing activity.

---

Definitions:

Liable

Responsible by law; legally obliged to compensate for harm or loss caused.

Legal Endorsement

Approval or sanction by a legal authority or body.

Misspelled Name

An error in the spelling of a name, often causing confusion or issues with identity or documentation.

Electronic Fund Transfer Act

A United States federal law designed to protect consumers engaging in electronic transfer of funds.