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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 $42,000, with $22,800 of accumulated depreciation, for $8,800 cash. The sale results in a $10,400 loss. b. Sold a machine costing $11,400, with $8,400 of accumulated depreciation, for $5,800 cash. The sale results in a $2,800 gain. c. Purchased stock investments for $16,400 cash. The purchaser believes the stock is worth at least $30,800. Cash flows from investing activities
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