Question

Porter Veterinary Services recently purchased several new stock trailers for their equine and bovine clients. The stock trailers increased their long-term assets by 50%. Porter Veterinary Services most likely used cash obtained from ________ activities to purchase these trailers.

Answer 1

Answer: Financial

Explanation:

During the process of buying assets with longer life span, such as stock trailers, most organizations make use of cash gotten during financial activities to foot the bills, while cash accrued during operational activities are rather used to buy assets with shorter life span. Generally during the time of investing there is always decrease in excess cash as to supplying cash for some other activities.