Q1.21: henderson bait & tackle needs to purchase some supplies and inventory used in day-to-day operations of the company. henderson bait & tackle will most likely use cash obtained from activities to purchase these supplies and inventory items.

operating

Explanation:

Since the supplies and inventory are meant for the day-to-day operations runs by henderson bait & tackle, The company will prefer and most likely use the cash obtained from operation activities to purchase these supplies and inventory items. This is so because the cash was obtained from operation activities and it can also be used to purchase items used in the day to day activities of the company.

Operation activities are refer to those activities engaged into by a company to generate income or revenue and this activities keep the company in existence.

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explanation:

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