Ask Question
20 March, 21:14

n 2016, Alexander Industries had two major transactions involving stocks. The first transaction was a financing activity, and the second transaction was an investing activity. Which of the following transactions likely occurred?

+5
Answers (1)
  1. 20 March, 22:03
    0
    Answer and Explanation:

    The sale is a financial operation since we earn income from the sale, and Alexander Industries sold the stock to customers in the first deal. In the second deal, Alexander Industries bought back company's stock they had originally sold to investors, Sometimes the purchase of stock also include in investing. So, there are both types of transactions likely occurred.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “n 2016, Alexander Industries had two major transactions involving stocks. The first transaction was a financing activity, and the second ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers