A health-food retailer buys food for resale.This is an example of a(n):
A)financing activity
B)operating activity
C)investing activity
D)planning activity

Question

Quizplus · Accepted Answer

Buying food for resale is part of the regular operations of the health-food retailer and falls under operating activities, which involve day-to-day business operations. Financing activities involve obtaining funds through debt or equity, investing activities involve acquiring long-term assets, and planning activities involve strategic decision-making for the future of the business.

A Health-Food Retailer Buys Food for Resale