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30 December, 00:28

Which one of the following transactions should be classified as a financing activity on the statement of cash flows? a. Purchase of equipmentb. Purchase of the company's own stockc. Sale of a long-term investmentd. Payment of interest to a lender

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  1. 30 December, 00:49
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    Answer: B - Purchase of the company's own stock

    Explanation:

    Stock repurchases is a transactions that causes a negative cash flow from financing activities
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