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Analyze transaction transaction is an operating activity

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Reference no: EM132695081

Kiley Corporation had these transactions during 2017.

Problem 1: Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.

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

Reference no: EM132695081

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