Maya Company's purchase of 100 shares of Labrador Inc.common stock would be reported as a financing activity on its statement of cash flows.

Name: Maya Company's purchase of 100 shares of Labrador Inc.common stock would be reported as a financing activity on its statement of cash flows.
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Question

Quizplus · Accepted Answer

A purchase of another company's common stock is an investment in that company's securities.The purchase of investments in securities is an investing activity.

Maya Company's Purchase of 100 Shares of Labrador Inc