Question

On November 1, 2021, Aviation Training Corp borrows funds for what purpose?

A) Aircraft purchase
B) Facility expansion
C) Employee salaries
D) Research and development

Answer 1

Aviation Training Corp borrowed funds on November 1, 2021, for the purpose of aircraft purchase.

Step-by-step explanation:

Aviation Training Corp borrowed funds on November 1, 2021, for the purpose of A) Aircraft purchase.

When a firm needs to buy new equipment, they often have to raise funds through borrowing.

In this case, Aviation Training Corp borrowed money to purchase aircraft.