When treasury stock is sold at an amount less than its cost, the sale is classified as:
A. A financing activity.
B. An operating activity.
C. A financing activity and an operating activity.
D. An investing activity.
Answer:A
When treasury stock is sold at an amount less than its cost, the sale is classified as:
A. A financing activity. B. An operating activity. C. A financing activity and an operating activity. D. An investing activity.