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 $48,500, with $25,400 of accumulated depreciation, for $11,400 cash. The sale results in a $11,700 loss. b. Sold a machine costing $14,000, with $9,700 of accumulated depreciation, for $8,400 cash. The sale results in a $4,100 gain. c. Purchased stock investments for $24,500 cash. The purchaser believes the stock is worth at least $33,400. Cash flows from investing activities

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 $48,500, with $25,400 of accumulated depreciation, for $11,400 cash. The sale results in a $11,700 loss. b. Sold a machine costing $14,000, with $9,700 of accumulated depreciation, for $8,400 cash. The sale results in a $4,100 gain. c. Purchased stock investments for $24,500 cash. The purchaser believes the stock is worth at least $33,400. Cash flows from investing activities

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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