Indicate how each event affects the financial statements. 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. You do not need to enter dollar amounts.Increase = I Decrease = D Not Affected = NAShelton Robotics Company amortized $30,400 of patent cost. How does this event affect Shelton's financial statements?
Definitions:
Federal Labor Laws
Laws established by the federal government to regulate labor practices, protect workers' rights, and manage relations between unions, employees, and employers.
Stock Options
A form of employee benefit that gives an employee the right, but not the obligation, to purchase company stock at a set price within a specific time period.
Hourly Employees
Workers who are paid for the number of hours they work, rather than receiving a fixed salary.
Nonverbal Communication
The transmission of messages or signals through a non-linguistic means such as facial expressions, body language, gestures, and tone of voice.
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