In 2007, John and Beth invested $ 100,000 each to start Smart Start Groceries. In 2009, they purchased land and hired a contractor for $ 26,000 in order to build a processing plant valued at $ 120,000. The acquisition of the plant is an example of a(n):

1. Financing expense
2. Operating activity
3. Liability accrual
4. Investing activity

Answer rating: 100% (QA)

2 Operating activity Operating activities are all the things a com... View the full answer