Examlex
The reporting of investing activities in the statement of cash flows is identical under the direct method and indirect method.
Inherently Dangerous
Activities or objects that carry a risk of harm or damage as a natural part of their existence or function.
Misrepresentation Liability
Legal accountability that arises when one party provides false information during a contract or negotiation, leading to harm or loss to another.
Vicarious Liability
A legal principle that holds an individual or entity responsible for the actions of another person, usually within the context of an employment relationship.
Operation of Law
A situation where rights or responsibilities are transferred without the direct action of the parties, often through the effect of legal statutes or regulations.
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