Which of the following transactions would not be classified as a financing activity?

A) Purchase of treasury stock
B) Payment of dividends
C) Issuance of bonds at a discount
D) Purchase of a long-term investment in bonds

Financing Activity

Transactions and events where cash is raised or repaid to investors, such as issuing stock, borrowing money, or paying dividends.

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders and are not currently outstanding.

Issuance of Bonds

The process by which a company or government raises capital by selling bonds to investors, which are debt securities obligating the issuer to pay the bondholder a specified sum of money at future dates.