Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. 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. You do not need to enter amounts.Increase = I Decrease = D Not Affected = NAAmity Company signed contracts for $25,000 of services to be performed in the future.
Definitions:
Environments
The surroundings or conditions in which a person, animal, or plant lives or operates, including natural, built, and social contexts.
Lysogenic Pathway
Bacteriophage replication path in which viral DNA becomes integrated into the host’s chromosome and is passed to the host’s descendants.
Lytic Pathway
Bacteriophage replication pathway in which a virus immediately replicates in its host and kills it.
Viral DNA
The genetic material of a virus that is composed of DNA rather than RNA.
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