Business, 01.07.2020 15:01, kdndiamond9101
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 $40,000, with $22,000 of accumulated depreciation, for $8,000 cash. The sale results in a $10,000 loss.
b. Sold a machine costing $10,000, with $8,000 of accumulated depreciation, for $5,000 cash. The sale results in a $3,000 gain
c. Purchased stock investments for $16,000 cash. The purchaser believes the stock is worth at least $30,000 Cash flows from investing activities
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