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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 $45,500, with $24,200 of accumulated depreciation, for $10,200 cash. The sale results in a $11,100 loss. Sold a machine costing $12,800, with $9,100 of accumulated depreciation, for $7,200 cash. The sale results in a $3,500 gain. Purchased stock investments for $17,100 cash. The purchaser believes the stock is worth at least $32,200.
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Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted s...
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