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The grid below is a list of possible effects on the Income Statement and the Balance Sheet. The code is + Increase; - decrease; NE
The grid below is a list of possible effects on the Income Statement and the Balance Sheet. The code is + Increase; - decrease; NE - no effect. Revenue/Gain Net Income Liabilities Expense/Loss +200 Assets NE la. NE Equity --200 --200 +200 0. NE NE NE --100 C NE NE +150 NE d NE -- 150 NE +100 +150 NE --150 e NE NE NE NE +100 NE --100 +100 --100 Match the effect that the transaction below has on a company's Income Statement and Balance Sheet. Choose tal ... o or le from the grid above. For example, if the transaction is "Collected cash on accounts receivable" the correct answer is td because there is no effect on revenue, expense, net income overall assets. liabilities, or equity. Transaction Acustomer fied of a lawsuit against our company. Our lawyers tell us that it is reasonably posite that the suit will be lost and that we will have to pay between $100 and $200. with no point in that range more likely than any other point. 02 G k Browser Guard SAMSUNG
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