A use of cash for financing activities is ________.
A)payment of an account payable
B)payment of interest
C)cash used to buy equipment
D)cash used to purchase treasury stock

Name: A use of cash for financing activities is ________. A)payment of an account payable B)payment of interest C)cash used to buy equipment D)cash used to purchase treasury stock
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Question

Quizplus · Accepted Answer

Cash used to purchase treasury stock is a financing activity because it involves a transaction between the company and its owners/shareholders.

A Use of Cash for Financing Activities Is ________