Asked by PERLA MENDIOLA on Jun 19, 2024
Verified
Issuing Treasury Stock is considered an investing activity.
Treasury Stock
Shares that were issued and subsequently reacquired by the issuing corporation, often held to reissue or retire the shares.
Investing Activity
Any use of a company's cash or resources to invest in capital assets, such as stocks, bonds, or physical properties, with an expectation to earn a return.
- Discern the distinctions among operating, investing, and financing activities in relation to the statement of cash flows.
Verified Answer
SJ
Sarcastic JusticeJun 25, 2024
Final Answer :
False
Explanation :
Issuing Treasury Stock is considered a financing activity, as it involves the company raising funds through the sale of its own stock.
Learning Objectives
- Discern the distinctions among operating, investing, and financing activities in relation to the statement of cash flows.
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