For Each of the Following, Indicate Whether the Transaction Affects

question 219

Essay

For each of the following, indicate whether the transaction affects revenue (R), expense (E), dividends (D), common stock (CS), or no effect on stockholders' equity (NOE).
1. Made an investment to start the business.
2. Billed customers for services performed.
3. Purchased equipment on account.
4. Paid monthly rent.
5. Paid dividends.

---

Definitions:

Sensory Adaptation

The process by which sensitivity to stimuli decreases over time as an organism adapts to current conditions.

Perceptual Preferences

Individual differences in the ways people prefer to take in, process, and interpret sensory information from the world around them.

Sensory Systems

The parts of the nervous system that detect changes in the environment and transmit this information to the brain.

Supertaster

An individual who experiences taste with far greater intensity than the average person, due to having more taste buds.