San Diego Mesa College Purchased Stock Investments Business Questions
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 $49,000, with $25,600 of accumulated depreciation, for $11,600 cash. The sale results in a $11,800 loss.
- Sold a machine costing $14,200, with $9,800 of accumulated depreciation, for $8,600 cash. The sale results in a $4,200 gain.
- Purchased stock investments for $17,800 cash. The purchaser believes the stock is worth at least $33,600.
Cash flows from investing activities $0
