1. The purchase of treasury stock will have what impact on the statement of cash flows?

A. Cash inflow from financing activities

B. Cash outflow from financing activities

C. Cash inflow from investing activities

D. Cash outflow from investing activities

2. Cash inflows or outflows from investing activities would involve all of the following

except:

A. The proceeds from the sale of equipment

B. The purchase of buildings

C. The receipt of interest income on short-term investments

D. The purchase of marketable securities

3. The purchase of equipment is reported in the statement of cash flows as an:

A. Outflow under operating activities

B. Inflow under operating activities

C. Outflow under investing activities

D. Outflow under financing activities