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The accounting equation template is shown below. In the area provided below, indicate all the sections that would be affected by this transaction, with both
The accounting equation template is shown below. In the area provided below, indicate all the sections that would be affected by this transaction, with both the amount and the sign. Use a negative sign when indicating an item in the expense column. if it is a transaction that affects both the income statement and balance sheet, you must indicate the effect on both. Transaction: James Inc. is sued for employment discrimination. James Inc. believes there is no merit to the lawsuit, but the case is progressing to jury trial. A similar case in 2021 resulted in a $75M verdict against the company. To have the answer graded correctly, enter the correct value preceded by a + or sign (e.g. +350 or -650). For categories that are unaffected enter the value "0" NO SPACES Cash Non-cash Assets Liabilities Contributed Capital Retained Earnings Revenue Expenses
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