Can someone help me explain the answers written on the side of the table (the arrows and NE which means no effect). I'm not sure how these answers were arrived to thanks!

Q2: ACCOUNTING POLICY CHOICE Liza Smith is the new chief accountant of recommendations for accounting policy coiep mynaging ffier to explain the posible effects of he Saccounteer to explaiune 2008, she has made the following policy changes on some of the financialvght of the Cormorants L.td, a company devoted to e has been called upon by the company's company's accounts. Accounting policy changes 1 Reducing balance instead of straight-line deprociation o boat 2 Weighted average instead of FIFO for inventory (prices s Expensing development expenditure instead of cap have been falling) 1icyfrom 5% ofsales to 15%. Sales remain constant. cost instead of revaluation method for buildings (prices have been Changing doubtful debt from 5 Using the historical increasing) of uation method instead of historical cost for land (prices have been Required Part A: If the accounting policy changes are accepted, what will be the effect (increase, decrease, or no 12 effect) on the selected accounts in the table above? Record your answers in the following table: Effect (increase, decrease, or no effect) Accounts Net profit Total assets Net profit Total assets 5 Cash flow from operations (current year) Total assets NE DO NOT WRITE OUTSIDE THE BOX Q2: ACCOUNTING POLICY CHOICE Liza Smith is the new chief accountant of recommendations for accounting policy coiep mynaging ffier to explain the posible effects of he Saccounteer to explaiune 2008, she has made the following policy changes on some of the financialvght of the Cormorants L.td, a company devoted to e has been called upon by the company's company's accounts. Accounting policy changes 1 Reducing balance instead of straight-line deprociation o boat 2 Weighted average instead of FIFO for inventory (prices s Expensing development expenditure instead of cap have been falling) 1icyfrom 5% ofsales to 15%. Sales remain constant. cost instead of revaluation method for buildings (prices have been Changing doubtful debt from 5 Using the historical increasing) of uation method instead of historical cost for land (prices have been Required Part A: If the accounting policy changes are accepted, what will be the effect (increase, decrease, or no 12 effect) on the selected accounts in the table above? Record your answers in the following table: Effect (increase, decrease, or no effect) Accounts Net profit Total assets Net profit Total assets 5 Cash flow from operations (current year) Total assets NE DO NOT WRITE OUTSIDE THE BOX