Hasbro is one of the world€™s leading toy manufacturers and maker of such popular board games as Monopoly, Scrabble, and Clue, among others. Listed here are selected aggregate transactions from a recent year (dollars in millions). Complete the following tabulation, indicating the sign (+ for increase, €” for decrease, and NE for no effect) and amount of the effect of each transaction. Consider each item independently.
a. Recorded sales on account of $4,285.6 and related cost of goods sold of $1,836.3.
b. Issued debt due in six months with a principal amount of $500.0.
c. Incurred research and development expense of $197.6, which was paid incash.

Transcribed Image Text:

Transaction Current Assets Profit Crrent Liabilities 2. b.