Question: QS 12-9 Computing investing cash flows LO P3 Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be
QS 12-9 Computing investing cash flows LO P3 Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.) .. Sold a truck costing $43,000, with $23,200 of accumulated depreciation, for $9.200 cash. The sale results in a $10,600 loss. b. Sold a machine costing $11.800. with $8,600 of accumulated depreciation, for $6.200 cash. The sale results in a $3,000 gain. c. Purchased stock Investments for $16,600 cash. The purchaser believes the stock is worth at least $31200 Cash flows from investing activities
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