Business, 09.04.2021 02:30 itsyaboiamo

Indicate the effect each separate transaction has on investing cash flows. a. Sold a truck costing $42,500, with $23,000 of accumulated depreciation, for $9,000 cash.
b. The sale results in a $10,500 loss. Sold a machine costing $11,600, with $8,500 of accumulated depreciation, for $6,000 cash.
c. The sale results in a $2,900 gain. Purchased stock investments for $16,500 cash. The purchaser believes the stock is worth at least $31,000.

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Indicate the effect each separate transaction has on investing cash flows. a. Sold a truck costing...

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