Indicate How Each Event Affects Thefinancial Statements

question 124

Essay

Indicate how each event affects thefinancial 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
Wheaton Company reissued 100 shares of treasury stock, which had been purchased by Wheaton at $18 per share. The treasury shares were reissued at a price of $20 per share.

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Definitions:

Reference Line

A line on a drawing that serves as a basis or guide, commonly used to reference dimensions or to anchor annotation symbols such as those for welding.

Leg

A supporting structure or component of an object, typically extending downwards to provide stability or support.

Root Opening

The gap between the parts being joined before welding.

Tail

In engineering drawings, often refers to the part of a callout or notation that provides additional information, such as specifications or notes.