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Indicate the effect each separate transaction

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Reference no: EM133163079

Question - Indicate the effect each separate transaction has on investing cash flows.

a. Sold a truck costing $42,000, with $22,800 of accumulated depreciation, for $8,800 cash. The sale results in a $10,400 loss.

b. Sold a machine costing $11,400, with $8,400 of accumulated depreciation, for $5,800 cash. The sale results in a $2,800 gain.

c. Purchased stock investments for $16,400 cash. The purchaser believes the stock is worth at least $30,800.

Reference no: EM133163079

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