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Question: Kiley Corporation had these transactions during 2017.

(a) Purchased a machine for $30,000, giving a long-term note in exchange.

(b) Issued $50,000 par value common stock for cash.

(d) Declared and paid a cash dividend of $13,000.

(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash.

(f) Collected $16,000 from sale of goods.

(g) Paid $18,000 to suppliers.

Instructions: Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92663822

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