Lincoln Company engaged in this transaction: Purchased treasury stock with cash.
Indicate which section,if any,the above transaction would appear in,or relate to,on a statement of cash flows.

Question

Quizplus · Accepted Answer

Purchasing treasury stock is a financing activity, as it involves using cash to buy back the company's own shares. Therefore, this transaction would appear in the financing activities section of the statement of cash flows.

Lincoln Company Engaged in This Transaction: Purchased Treasury Stock with Cash