Stock that was reacquired and is still held by the issuing corporation is called: A Capital stock B. Redeemed stock C. Preferred stock D. Treasury stock E. Callable stock 12 . Treasury stock is classified as: A A contra equity account B. A revenue account C. A liability account D. A contra asset account E. An asset account acco 4 liabihue ac B The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is: A. Operating activities B. Financing activities C. Investing activities D. Schedule of noncash investing or financing activity E. None of these. This is not reported on the statement of cash flows 14 Activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as: A. Financing activities B. Indirect activities C. Investing activities D. Operating activities E. Direct activities