Which of the following statements is not correct?

• A.

  Issuance of common stock creates a financing activities cash inflow.

• B.

  Receipt of cash dividends from stock investments in other companies creates a financing activities cash inflow.

• C.

  Purchase of treasury stock creates a financing activities cash outflow.

• D.

  Issuance of a zero coupon bond creates a financing activities cash inflow.

• E.

  All the statements are correct.