Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.)
 

1. Sold a truck costing $43,500, with $23,400 of accumulated depreciation, for $9,400 cash. The sale results in a $10,700 loss.
2. Sold a machine costing $12,000, with $8,700 of accumulated depreciation, for $6,400 cash. The sale results in a $3,100 gain.
3. Purchased stock investments for $16,700 cash. The purchaser believes the stock is worth at least $31,400.

Answer rating: 100% (QA)

Only CASH INFLOWS and CASH OUTFLOW will be reflected in th... View the full answer