Assume that the Zahler Corporation uses the indirect method to depict cash flows.Indicate where, if at all, treasury stock purchased with cash would be classified on the statement of cash flows.
A)Operating activities section.
B)Investing activities section.
C)Financing activities section.
D)Does not represent a cash flow.

Question

Quizplus · Accepted Answer

Treasury stock purchased with cash is classified under the financing activities section as it involves transactions related to the company's own equity.

Assume That the Zahler Corporation Uses the Indirect Method to Depict