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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 $44,000, with $23,600 of accumulated depreciation, for $9,600 cash. The sale results in a $10,800 loss. b. Sold a machine costing $12,200, with $8,800 of accumulated depreciation, for $6,600 cash. The sale results in a $3,200 gain. c. Purchased stock investments for $16,800 cash. The purchaser believes the stock is worth at least $31,600. Cash flows from investing activities
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