Indicate the effect each separate transaction has on investing cash flows: Note: Amounts to be...
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Accounting
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 $47,500, with $25,000 of accumulated depreciation, for $11,000 cash. The sale results in a $11,500 loss. b. Sold a machine costing $13,600, with $9,500 of accumulated depreciation, for $8,000 cash. The sale results in a $3,900 gain. c. Purchased stock investments for $23,500 cash. The purchaser believes the stock is worth at least $33,000
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