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 $47,000, with $24,800 of accumulated depreciation, for $10,800 cash. The sale results in a $11,400 loss. b. Sold a machine costing $13,400, with $9,400 of accumulated depreciation, for $7,800 cash. The sale results in a $3,800 gain. c. Purchased stock investments for $23,000 cash. The purchaser believes the stock is worth at least $32,800. Cash flows from investing activities

a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold for $51,300. b. Paid $89,000 cash for a new truck. c. Sold land costing $154,000 for $198,000 cash. d. Long-term investments in stock were sold for $60,800 cash. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from investing activities $ 0

Complete the following Spreadsheet for the preparation of statement of cash flows under the indirect method. (The statement of cash flows is not required.) (Enter all amounts as positive values.) Additional information: a. Net income for the year was $105,000. b. Dividends of $90,000 cash were declared and paid. c. The only noncash expense was $75,000 of depreciation. d. Purchased plant assets for $95,000 cash. e. Notes payable of $25,000 were issued for $25,000 cash. f. $55,000 increase in accounts receivable. g. $35,000 decrease in inventory. h. $15,000 decrease in accounts payable. Balance Sheet-Debit Balance Accounts Cash Accounts receivable Inventory Plant assets Balance Sheet-Credit Balance Accounts Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings Statement of Cash Flows Operating activities SCORETECK CORPORATION Spreadsheet for Statement of Cash Flows-Indirect Method For Year Ended December 31, 2021 Investing activities Financing activities…

Starry Company purchased equipment by borrowing money from a bank for $50,000.   Which of the following would reflect this transaction?   a. It would decrease liabilities by $50,000   b. It would decrease retained earnings by $50,000   c. It would increase assets by $50,000   d. It would decrease cash by $50,000