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Indicate How Each Event Affects the Elements of Financial Statements

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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.You do not need to enter amounts.
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.You do not need to enter amounts.    -Nguyen Co.borrowed $50,000 cash from Metropolitan Bank.
-Nguyen Co.borrowed $50,000 cash from Metropolitan Bank.
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.You do not need to enter amounts.    -Nguyen Co.borrowed $50,000 cash from Metropolitan Bank.


Definitions:

Bona Fide

Genuine or authentic; used to describe objects or individuals that are real and legitimate.

Equal Employment Opportunities

represent policies and practices that ensure all job candidates and employees are treated without discrimination based on race, gender, religion, age, or other non-merit factors.

Job Roles

Defined set of responsibilities and duties associated with a specific position within an organization.

Job Analysis

The process of gathering, documenting, and analyzing information about a job, including tasks, responsibilities, and the necessary skills or qualifications.

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