Indicate the Effect That Each of the Following Transactions Has

question 50

Short Answer

Indicate the effect that each of the following transactions has on the cash balance.Use (I)for increase,(D)for decrease,and (N)for no change.
a)________ Increase in inventory
b)________ Sale of common stock for cash
c)________ Payment of dividends
d)________ Depreciation expense for the period
e)________ Payment of long-term debt
f)________ Loan of money to another company
g)________ Increase in Accounts Payable
h)________ Purchase of equipment on account

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Definitions:

Active Transport

Transport of molecules across the membrane of a cell from areas where they are less concentrated to areas where they are more concentrated, which demands energy.

ATP

Adenosine triphosphate, a molecule that stores and transfers energy within cells, facilitating various biochemical processes.

Concentration Gradient

A difference in the concentration of a substance across a distance, which drives the passive movement of particles from an area of high to low concentration.

Exocytosis

A process by which cells release substances to the external environment by vesicles fusing with the plasma membrane.