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Clint Used the Vending Machine near His Dorm Quite Frequently

question 182

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Clint used the vending machine near his dorm quite frequently, but the last few times he tried to get a drink the vending machine malfunctioned and he lost his money. Now he no longer uses this vending machine. Which of the following has occurred in this situation?


Definitions:

Operating Activities

Day-to-day actions and transactions that are directly related to running a business, such as buying, selling, and production.

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future, recognized as assets on the balance sheet until used or consumed.

Net Cash

The difference between a company's total cash inflows and outflows over a specific period.

Operating Activities

Transactions and events that affect a company's net income, related to its primary business operations.

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