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?
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.
