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Indicate the effect each separate transaction has on investing cash flows.

Indicate the effect each separate transaction has on investing cash flows.

FINANCIAL ACCOUNTING
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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Check n 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 $42,000, 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 in a $2,800 gain. c. Purchased stock investments for $18,000 cash. The purchaser believes the stock is worth at least $30,800. Cash flows from investing activities < Prev 2 of 5 Next > Co search 99+ 70°F Cloudy DI -> "brt se back T PI G K MI
Transcribed Image Text:Check n 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 $42,000, 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 in a $2,800 gain. c. Purchased stock investments for $18,000 cash. The purchaser believes the stock is worth at least $30,800. Cash flows from investing activities < Prev 2 of 5 Next > Co search 99+ 70°F Cloudy DI -> "brt se back T PI G K MI
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