For each of the following events:
(1)State whether the event increases (INC)or decreases (DEC)retained earnings.If the event does not affect retained earnings,state NE for no effect.
(2)State which equity account is affected.
Definitions:
Identical Twins
A rephrase of Monozygotic Twin; they are individuals born from the same egg, thus sharing nearly the same genetic material.
Fraternal Twins
Twins that develop from two different eggs fertilized by two different sperm cells, making them genetically unique from each other, similar to regular siblings.
Intelligence
The ability to learn from experiences, adapt to new situations, understand and handle abstract concepts, and use knowledge to manipulate one's environment.
Chessboard
A game board of 64 squares, arranged in an 8×8 grid, used for playing chess.
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