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Kiley Corporation had these transactions during 2017. Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash

Kiley Corporation had these transactions during 2017.

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.

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