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ndicate the effect each separate transaction has on investing cash flows. Note: Amounts to be deducted should be indicated with a minus sign. a.
ndicate 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 $41,500, with $22,600 of accumulated depreciation, for $8,600 cash. The sale results in a $10,300 loss. b. Sold a machine costing $11,200, with $8,300 of accumulated depreciation, for $5,600 cash. The sale results in a $2,700 gain. c. Purchased stock investments for $17,500 cash. The purchaser believes the stock is worth at least $30,600. Cash flows from investing activities $ 0
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
24th edition
1259916960, 978-1259916960
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