Indicate How Each Event Affects the Elements of Financial Statements

question 23

Essay

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.Use only one letter for each element.You do not need to enter amounts.

-Fort Worth Co.declared a cash dividend but has not yet paid the money to the shareholders.

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Definitions:

Princeton

A historic town in New Jersey, known for Princeton University, one of the oldest and most prestigious universities in the United States.

Treaty of Paris

The 1783 agreement that ended the American Revolutionary War and recognized American independence from Britain.

Mississippi River

A major North American river that flows southward for over 2,300 miles from its source in Minnesota to the Gulf of Mexico, serving as a crucial conduit for transportation, commerce, and irrigation.

Hit-and-Run Tactics

Military techniques involving sudden, brief attacks followed by a swift withdrawal, used by smaller, mobile forces against larger, less-mobile ones.