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Cisco developed a carburetor for automobiles, which he called the "CiscoCarb." He advertised the carburetor in a national automobile magazine in a full-page advertisement under a caption that read: "Proven Performance-80 kilometres to a litre of gas in any car." The advertisement offered the carburetor for $100 on a 30-day, money back guarantee. False or misleading advertising of goods is an offence under the Competition Act.
Bonds Payable
Long-term liabilities representing money a company must pay back to bondholders by a specified maturity date.
Operating Activities
The primary revenue-generating activities of an organization, as opposed to investing and financing activities.
Financing Activities
Transactions and events where a business raises funds to support its operations or capital expenditures often through borrowing or issuing equity.
Operating Activities
Transactions and others events that are not investing or financing activities that enter into the determination of net income.
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