Reference no: EM131835461
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.
(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.
(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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