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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. Note: Amounts to be deducted

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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. Note: 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 4 a a $2,800 gain. c. Purchased stock investments for $18,000 cash. The purchaser believes the stock is worth at least $30,800

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