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***PLEASE ASSISST IN JUST FILLING OUT THE DIRECTIONS EACH FINANCIAL ITEM MOVES*** 8. Maroon Runners Inc. repaid an outstanding loan in the amount of $140
***PLEASE ASSISST IN JUST FILLING OUT THE DIRECTIONS EACH FINANCIAL ITEM MOVES***
8. Maroon Runners Inc. repaid an outstanding loan in the amount of $140 million as well as $5 million in interest on that loan. Indicate how this transaction affects each of the following financial items (indicate the net directional impact and the amount - for example, down by $450 million). Directional impact (up, down or none) and amount Financial item Net change in cash Cash balance Net earnings Retained earnings Total assets Total liabilities & equity 9. Maroon Runners Inc. purchased $30 million worth of raw materials and paid it all in cash. Indicate how this transaction affects each of the following financial items (indicate the net directional impact and the amount -for example, down by $450 million) Directional impact (up, down or none) and amount Financial item Net change in cash Cash balance Net earnings Retained earnings Total assets Total liabilities & equityStep by Step Solution
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