- Indicate the effects of each transaction on the liquidity metric Cash and profitability metric Net Income Cash Basis. If a transaction is not affected, select "No effect" and enter 0 in the amount box. If the effect on a transaction is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Transaction Metric Effects Liquidity Profitability a. Issued stock Transaction $ Cash Net Income No effect No effect - Cash Basis 0 b. Issued note payable c. Earned fees d. Paid rent expense e. Paid expenses f. Paid salaries g. Paid interest h. Purchased land i. Paid dividends Total Increase Decrease Decrease Decrease Decrease No effect 0 No effect $ 0