Sydney Roofers Incorporated recently purchased 100 pounds of standard roofing nails from Lowes,a nationwide hardware and building supplies store.This transaction most likely involves:

Question

Quizplus · Accepted Answer

This transaction involves a spot exchange, which is a one-time transaction where Sydney Roofers Incorporated purchased the roofing nails directly from Lowes without any agreement or long-term relationship between the two parties.

Sydney Roofers Incorporated Recently Purchased 100 Pounds of Standard Roofing