McGill purchases additional office equipment to better serves its customers.This purchase is classified as what type of activity?
A)Company activity.
B)Financing activity.
C)Investing activity.

Question

Quizplus · Accepted Answer

Purchasing office equipment is considered an investing activity because it involves the acquisition of long-term assets that are expected to generate future income or benefits for the company.

McGill Purchases Additional Office Equipment to Better Serves Its Customers