Cash flows resulting from a company's normal earnings process are reported on the statement of cash flows in the:

A) financing activities section

B) investing activities section

C) operating activities section

D) noncash investing and financing activities section

AND

Which of the following activities is not correctly associated with its cash flow classification?

A) Operating Sale of merchandise for cash

B) Financing - Sale of companys Preferred Stock

C) Investing Purchase of Treasury Stock

D) Operating Purchase of advertising for the year