Purchase of treasury stock is:
A. Reported as a financing activity in the statement of cash flows.
B. Reported as an investing activity in the statement of cash flows.
C. Reported as an operating activity in the statement of cash flows.
D. None of the above is correct.
Answer:A
Purchase of treasury stock is:
A. Reported as a financing activity in the statement of cash flows. B. Reported as an investing activity in the statement of cash flows. C. Reported as an operating activity in the statement of cash flows. D. None of the above is correct.