Financing Activities Video Lessons

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Problem: Garmin Corporation paid $10,000 in 2006 to purchase treasury stock. Garmin should report the purchase of treasury stock on the Statement of Cash Flows as part of: a. Operating activities b. Investing activities c. Financing activities d. No activities, because the purchase of treasury stock would not be reported on the Statement of Cash Flows.

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Problem Details

Garmin Corporation paid $10,000 in 2006 to purchase treasury stock. Garmin should report the purchase of treasury stock on the Statement of Cash Flows as part of:

a. Operating activities

b. Investing activities

c. Financing activities

d. No activities, because the purchase of treasury stock would not be reported on the Statement of Cash Flows.

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