In the preparation of statement of cash flows, the indirect method applies only to O Cash flows from operating activities. O Cash flows from investing activities. O All the answers are correct. O Cash flows from financing activities. Treasury shares are: Shares of capital stock that are held in the hands of shareholders. Stock that is performing well on the New York Stock Exchange. Shares of stock that can be issued legally, as specified in the charter of the corporation. Usually it is the maximum number of shares of capital stock that can be sold to the public. Shares issued that are repurchased and held in the treasury of the corporation