Indicate how the following transactions of McDonalds Corp. (MCD), would affect the three elements of the accounting equation. If an element increases and decreases by the same amount, select "no effect."

Effects of Transactions on Accounting Equation Indicate how the following transactions of McDonald's Corp. (MCD), would affect the three elements of the accounting equation. If an element increases and decreases by the same amount, select "no effect." a. Paid research and development expenses for the current year Assets Liabilities Stockholders' equity b. Purchased machinery and equipment for cash. Assets Liabilities Stockholders' equity c. Received cash from issuing stock. Assets Liabilities Stockholders' equity no effect increase increase