Johnson Company engaged in the following transactions during 2017:

1. Johnson wrote off an open receivable as uncollected.
2. Johnson purchased a piece of plant equipment
3. Johnson reacquired 5,000 shares of its common stock.
4. Johnson sold a building at a loss in exchange for a five-year note.
5. Johnson declared, but did not pay a cash dividend.

Which of these transactions or parts of these transactions would be included in the financing activity section of the statement of cash flows?

1. Transactions 2 and 4
2. 
   Transactions 2 through 5
3. Transaction 3
4. None of these choices are correct.

Answer rating: 100% (QA)

Answer 3 reacquisition of 5000 of common stock Issue and acquisition of shares and no... View the full answer