With Respect to Operating Assets, the Two Different Transactions That

question 139

Short Answer

With respect to operating assets, the two different transactions that would appear in the investing activities category of the statement of cash flows are __________________________________ and __________________________________.

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Definitions:

Cancellation Form

Under the Federal Trade Commission’s Cooling-Off Rule, a document that can be filled out to terminate an order for consumer goods or services made at the buyer’s home for consumer goods or services valued at $25 or more.

Truth-in-Lending Act

A U.S. federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.

Unauthorized Charges

Expenses made to a credit card, bank account, or other financial account without the account holder’s approval or knowledge.

Credit Card

A payment card issued by financial institutions allowing the cardholder to borrow funds for purchases or cash advances.