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 $48,000, with $25,200 of accumulated depreciation, for $11,200 cash. The sale results in a $11,600 loss. b. Sold a machine costing $13,800, with $9,600 of accumulated depreciation, for $8,200 cash. The sale results in a $4,000 gain. c. Purchased stock Investments for $24,000 cash. The purchaser belleves the stock is worth at least $33,200. Cash flows from investing activities $ 0

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 $48,000, with $25,200 of accumulated depreciation, for $11,200 cash. The sale results in a $11,600 loss. b. Sold a machine costing $13,800, with $9,600 of accumulated depreciation, for $8,200 cash. The sale results in a $4,000 gain. c. Purchased stock Investments for $24,000 cash. The purchaser belleves the stock is worth at least $33,200. Cash flows from investing activities $ 0

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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