CALCULATOR FULL SCREEN PR?NTER VERS?ON .BACK Exercise 12-1 Kiley Corporation had

Question

CALCULATOR FULL SCREEN PR?NTER VERS?ON .BACK Exercise 12-1 Kiley Corporation had these transactions during 2017. Analyze the transactions and indicate whether each transaction is an operating activity, investing financing activity. tivity, financing activity, or noncash investing and (a)purchased a machine for $30,000, giving a long-term note in exchange. Investing Activities Operating Activities Noncash Investing and Fnancing Activbes (bIssued $50,000 par value common stock for cash. (@) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200.ooo. Fmanong Actvities (d)Declared and paid a cash dividend of $13,000. dy e sold a long-term investment with a cost of $15,000 for $15,000 cash. (f) Collected $16,000 from sale of goods. (9)Paid $18,000 to suppliers. Version 4.24.6.2 All Rights Reserved. A Division of John wiley & Sons. Inc.

Explanation / Answer

a Purchased a machine for $30,000 giving a long term note in exchange Non cash investing and financing activities b Issued $50,000 par value common stock for cash Financing activities c Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000 Non cash investing and financing activities d Declared and paid cash dividend of $13,000 Financing activities e Sold a long term investment with a cost of $15,000 for $15,000 cash Investing activities f Collected $16,000 from sale of goods Operating activities g Paid $18,000 to suppliers Operating activities

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