Indicate How This Event Affects the Accounting Equation $\quad$ $\quad$

question 154

Essay

Indicate how this event affects the accounting equation. 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 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 = NAEpstein Company paid a $20,000 cash dividend to its stockholders.
$\quad$ $\quad$ $\quad$ $\quad$$\text { Balance Sheet }$
$\text { Assets }=\text { Liabilities }+\quad \text { Stockholders' Ecuity }$

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Definitions:

Economic Strike

A stoppage of work by union members to protest against economic conditions such as wages, benefits, and working hours, rather than workplace rights or unfair labor practices.

Unfair Labor Practices

These are actions by employers or unions that violate the rights of employees or breach labor laws, such as discrimination or coercion.

NLRA

The National Labor Relations Act of 1935, also known as the Wagner Act, which protects the rights of employees to organize and to bargain collectively with their employers.

Collective Bargaining Agreement

A legally binding agreement resulting from negotiations between an employer and a union representing the employees, setting out the terms and conditions of employment.