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Kevin's Styles, Inc. (KSI) is a Salon. Classify each of the following types of transactions according to where they affect cash flows on a statement
Kevin's Styles, Inc. (KSI) is a Salon. Classify each of the following types of transactions according to where they affect cash flows on a statement of cash flows. Each transaction occurred during October. Choose operating, financing, or investing. You may use these more than once or not at all. First quiz act of kindness: Definitions are on page 24 of the book and you practiced this when did question A1-18 in the connect HW. KSI pays $400 to an employee for wages. KSI receives $500 cash from a customer for services. KSI borrows 10,000 from the bank. KSI receives $40,000 from a new shareholder in exchange for stock. KSI buys equipment for use in a factory. The equipment will be used for many years. A. Operating B. Financing C. Investing
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