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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.) Sold a truck
Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.)
- Sold a truck costing $41,500, with $22,600 of accumulated depreciation, for $8,600 cash. The sale results in a $10,300 loss.
- Sold a machine costing $11,200, with $8,300 of accumulated depreciation, for $5,600 cash. The sale results in a $2,700 gain.
- Purchased stock investments for $16,300 cash. The purchaser believes the stock is worth at least $30,600.
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