Cathy Company is a pharmaceutical company. The grid below is a list of possible effects on...

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Cathy Company is a pharmaceutical company. The grid below is a list of possible effects on the Income Statement and the Balance Sheet. The code is: += increase; --= decrease; NE = no effect. Revenue/Gain Expense/Loss Net Income Assets Liabilities Equity NE +100 --100 +50 +150 -100 11. NE NE NE +150 +150 NE NE +150 --150 NE +150 --150 IV. NE V. NE NE +50 NE NE NE NE --50 +100 +150 --50 Match the effect that the transaction below would have on Cathy Company's Income Statement and Balance Sheet. Choose (I), (II), (III), (IV), br (V) from the grid. For example, if the transaction were "Collected cash on accounts receivable," the correct answer would be (IV) because there is no effect on revenue, expense, net income, overall assets, liabilities, or equity. Transaction: Purchased a patent for $50 and incurred research and development costs of $100. The total cost of $150 was put on account. Ignore any amortization. OV ONV Cathy Company is a pharmaceutical company. The grid below is a list of possible effects on the Income Statement and the Balance Sheet. The code is: += increase; --= decrease; NE = no effect. Revenue/Gain Expense/Loss Net Income Assets Liabilities Equity NE +100 --100 +50 +150 -100 11. NE NE NE +150 +150 NE NE +150 --150 NE +150 --150 IV. NE V. NE NE +50 NE NE NE NE --50 +100 +150 --50 Match the effect that the transaction below would have on Cathy Company's Income Statement and Balance Sheet. Choose (I), (II), (III), (IV), br (V) from the grid. For example, if the transaction were "Collected cash on accounts receivable," the correct answer would be (IV) because there is no effect on revenue, expense, net income, overall assets, liabilities, or equity. Transaction: Purchased a patent for $50 and incurred research and development costs of $100. The total cost of $150 was put on account. Ignore any amortization. OV ONV