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In reference to the case in the text, Swigart v. Bruno, what was the court's assessment with regards to the risk associated with riding horses in the American Endurance Ride Conference which was described as an "equestrian athletic event?"
Investing Activities
Transactions and events related to the acquisition and disposal of long-term assets and other investments not considered as cash equivalents.
Consolidated Statement
Financial statements that aggregate the financial information of a parent company and its subsidiaries into one document.
Acquisition
The process of obtaining control of another company or business entity through purchase or merger.
Carrying Amount
The book value of an asset or liability on a company's financial statement, reflecting its accounting value rather than market value.
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