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QS 12-9 (Algo) Computing investing cash flows LO P3 Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should
QS 12-9 (Algo) Computing investing cash flows LO P3 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 $42,500, with $23,000 of accumulated depreciation, for $9,000 cash. The sale results in a $10,500 loss. b. Sold a machine costing $11,600, with $8,500 of accumulated depreciation, for $6,000 cash. The sale results in a $2,900 gain. c. Purchased stock investments for $18,500 cash. The purchaser believes the stock is worth at least $31,000
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