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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
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 $49,500, with $25,800 of accumulated depreciation, for $11,800 cash. The sale results in a $11,900 loss. b. Sold a machine costing $14,400, with $9,900 of accumulated depreciation, for $8,800 cash. The sale results in a $4,300 gain. c. Purchased stock investments for $25,500 cash. The purchaser believes the stock is worth at least $33,800. Cash flows from investing activities $ 0
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