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Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.) a. Sold a
Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.) a. Sold a truck costing $46,000, with $24,400 of accumulated depreciation, for $10,400 cash. The sale results in a $11,200 loss. b. Sold a machine costing $13,000, with $9,200 of accumulated depreciation, for $7,400 cash. The sale results in a $3,600 gain. c. Purchased stock investments for $22,000 cash. The purchaser believes the stock is worth at least $32,400. Cash flows from investing activities CA 0
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