All businesses are involved in three types of activity-financing, investing, and operating. For example, the founder of Tootsie Roll needed financing to start and grow his business. This may have come from either personal savings or outside sources. The cash obtained was then invested in the equipment necessary to run the business, such as mixing equipment and delivery vehicles. Once this equipment was in place, the founder could begin the operating activities of making and selling candy. Paul D. Kimmel, et al., Financial Accounting, 3^rd edition A) Argument; conclusion: The cash obtained ... delivery vehicles. B) Argument; conclusion: Once this equipment was in place ... selling candy. C) Argument; conclusion: The founder of Tootsie Roll ... grow his business. D) Argument; conclusion: All businesses are involved ... and operating. E) Nonargument.

Question

Quizplus · Accepted Answer

This statement is a premise that introduces the three types of activities that all businesses are involved in-financing, investing, and operating. It is not an argument or a conclusion.

All Businesses Are Involved in Three Types of Activity-Financing, Investing