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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 .

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 $40,000, with $22,000 of accumulated
depreciation, for $8,000 cash. The sale results in a $10,000 loss.
b. Sold a machine costing $10,000, with $8,000 of accumulated
depreciation, for $5,000 cash. The sale results in a $3,000 gain.
c. Purchased stock investments for $16,000 cash. The purchaser
believes the stock is worth at least $30,000.
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