Plastic Cards That Have a Certain Amount of Funds Embedded

question 107

Multiple Choice

Plastic cards that have a certain amount of funds embedded on a magnetic strip are called

• A)carbon-copy written checks.
• B)debit cards.
• C)stored-value cards.
• D)credit cards.

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Definitions:

Investor's Financial Statements

Financial reports prepared to give shareholders and potential investors insight into a company's financial status and operations.

IAS 28

An International Accounting Standard governing the accounting for investments in associates and joint ventures.

Equity Method

An accounting technique used to assess the investments in other companies where the investor has significant influence but not full control.

Patent

A form of intellectual property right that grants the patent holder exclusive rights to an invention for a certain time period, preventing others from making, using, selling, or distributing the patented invention without permission.