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Indicate the effect of each of the following transactions- I = increase, D = decrease, N = no effect Total Assets Total Liabilities Total Stockholders
Indicate the effect of each of the following transactions- I = increase, D = decrease, N = no effect
Total Assets Total Liabilities Total Stockholders Equi Current Debt-to-Assets Ratio Ratio Recorded current year's accrued interest on a note payable Recorded current years wages expense of $25,000. The caslh paid to employees was $21,000; the difference was due to various taxes withheld from the wages Recorded cash sales plus 5% sales tax collected A portion of the previously un- amortized discount on bonds payable was amortized during the year. A company sold bonds at ar amount higher than their facee value A company used the fair value option and ended up recording a decline in the value of its bonds payableStep by Step Solution
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