Answer
(j) 4.
Work Step by Step
Purchase of treasury stock is the activity of repurchasing issued stock, therefore reducing the amount of outstanding stock; this is classified as a financing activity.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 5 - Balance Sheet and Statement of Cash Flows - Exercises - Page 286: E5-13j
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