Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.) a. Sold a truck costing $50,000, with $26,000 of accumulated depreciation, for $12,000 cash. The sale results in a $12,000 loss.
b. Sold a machine costing $14,600, with $10,000 of accumulated depreciation, for $9,000 cash. The sale results in a $4,400 gain.
c. Purchased stock investments for $18,000 cash. The purchaser believes the stock is worth at least $34,000.
Cash flows from investing activities