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Indicate the effect each separate transaction has on investing cash flows. Note: Amounts to be deducted should be indicated with a minus sign. a. Sold
Indicate the effect each separate transaction has on investing cash flows. Note: Amounts to be deducted should be indicated with a minus sign. a. Sold a truck costing $48,500, with $25,400 of accumulated depreciation, for $11,400 cash. The sale results in a $11,700 loss. b. Sold a machine costing $14,000, with $9,700 of accumulated depreciation, for $8,400 cash. The sale results in a $4,100 gain. c. Purchased stock investments for $24,500 cash. The purchaser believes the stock is worth at least $33,400
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