Indicate How Each Event Affects the Elements of Financial Statements

question 91

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.

-On January 1,2016,Morris Co.issued $100,000 of bonds at the face value.Indicate the effects of issuing these bonds.

---

Definitions:

Electrodes

Conductive materials that allow the flow of electric current, used in various applications including medical devices and batteries.

Psychosurgery

Rare treatment for mental disorders in which a neurosurgeon attempts to destroy small areas of the brain thought to be involved in a patient’s symptoms.

Severe Disorders

Refers to extreme forms of mental or physical health conditions requiring comprehensive medical attention.

Controversial

Pertaining to topics, issues, or opinions that provoke public disagreement or debate due to differing views and beliefs.