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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 $47.000, with $24,800 of accumulated depreciation, for $10,800 cash. The sale results in a $11,400 loss. b. Sold a machine costing $13,400, with $9,400 of accumulated depreciation, for $7,800 cash. The sale results in a $3,800 gain. c. Purchased stock investments for $23,000 cash. The purchaser believes the stock is worth at least $32,800, Cash flows from investing activities Cash received from sale of machine Depreciation expense $ 47,000 24,800 $ 71,800
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