C is corrent. Per ASC Topic 230, transactions which involve either an outlay of cash for treasury stock or an inflow of cash from the reissue of treasury stock shall be reported as a financing activity. The purchase of treasury stock would not be classified as an investing activity because investing activities include making and collecting loans, as well as acquiring and disposing of debt or equity instruments of other entities, property, plant, and equipment and other productive assets.
A is incorrect. Per ASC Topic 230, transactions which involve either an outlay of cash for treasury stock or an inflow of cash from the reissue of treasury stock shall be reported as a financing activity. The purchase of treasury stock would not be classified as an investing activity because investing activities include making and collecting loans, as well as acquiring and disposing of debt or equity instruments of other entities, property, plant, and equipment and other productive assets.
B is incorrect. Per ASC Topic 230, transactions which involve either an outlay of cash for treasury stock or an inflow of cash from the reissue of treasury stock shall be reported as a financing activity. The purchase of treasury stock would not be classified as an investing activity because investing activities include making and collecting loans, as well as acquiring and disposing of debt or equity instruments of other entities, property, plant, and equipment and other productive assets.
D is incorrect. Per ASC Topic 230, transactions which involve either an outlay of cash for treasury stock or an inflow of cash from the reissue of treasury stock shall be reported as a financing activity. The purchase of treasury stock would not be classified as an investing activity because investing activities include making and collecting loans, as well as acquiring and disposing of debt or equity instruments of other entities, property, plant, and equipment and other productive assets.
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