Prior to the Great Recession of 2008/2009, American consumer spending was careful and restrained

The purchase of treasury stock is reported on the statement of cash flows as a:

A) positive amount in the financing activities section. B) negative amount in the financing activities section. C) positive amount in the investing activities section. D) negative amount in the investing activities section.

On a reconciliation of net income to cash from operations, depreciation is added back to net income as depreciation

a. is a direct outflow of cash. b. reduces net income but does not involve an outflow of cash. c. reduces net income and involves an outflow of cash. d. is an outflow of cash to a fund established for the replacement of assets.