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Ingles Corp., a private company reporting under ASPE, engaged in the following transactions. For each transaction, indicate where, if at all, it would be classified on the statement of cash flows.
-Repurchase of Ingles' own common shares on the open market:
A) operating activities section
B) investing activities section
C) financing activities section
D) does not represent a cash flow

Question

Quizplus · Accepted Answer

The repurchase of a company's own common shares is classified as a financing activity on the statement of cash flows, as it involves transactions related to the company's own equity.

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