Indicate How Each Event Affects the Horizontal Financial Statements Model

question 65

Essay

Indicate how each event affects the horizontal financial statements model. Use the following letters to record your answer in the box shown below. If an event increases one account and decreases another account equally within the same element, record I/D. If an event has no impact on the element, record NA. Use only one letter for each element. You do not need to enter amounts.
Increase = IDecrease = D No Affected = NAFort Worth Company declared a cash dividend but has not yet paid the money to the shareholders.

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