McGill purchases additional office equipment to better serves its customers. This purchase is classified as what type of activity?

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asked Oct 19, 2021 101k views

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Viswanath Donthi · Answer 1 · 2021-10-24T18:45:43+0000

Answer: Investing activity.

Step-by-step explanation:

McGill purchase of office equipment to better serve their customers is an investing activity. An investing activity is the cost recorded by a business organization on investments and procurement of equipments for smooth business operations.

McGill purchases additional office equipment to better serves its customers. This purchase is classified as what type of activity?

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