For Each of the Following Items Indicate Whether the Transactions

question 68

Essay

For each of the following items indicate whether the transactions listed below increased (+), decreased (-) or had no effect (o) by inserting the appropriate symbol.
$\begin{array}{|l|l|l|l|l|l|}\hline&&&&&\text { Ownters' }&\text { Cash }\\&&\text { Net Income}& \text { Assets }&\text { Liab. }&\text { Equity}&\text { Flows }\\ \hline \text { (a) } &\text { Record depreciation expense } & \\\hline \text { (b) }&\text { Sold equipment for cash at a loss } & \\\hline \text { (c) }& \text { Recorded loss on impaired goodwill } & \\\hline\text { (d) }& \text { Recorded depletion expense } & \\\hline \text { (e) }&\text { Recorded a capital expenditure and issued a note } & \\&\text { payable } & \\\hline\end{array}$

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Definitions:

Public Utilities

Companies or organizations that provide essential services such as water, electricity, natural gas, and telecommunications to the public, typically subject to government regulation.

Civitas

A Latin term used in ancient Rome to refer to the body of citizens who constituted the city as a legal entity, as well as the citizenship and rights associated with it.

Mohenjo-Daro

An archaeological site in Pakistan, belonging to the Indus Valley Civilization, notable for its advanced urban planning.

Social Stratification

Social stratification is the ranking of individuals and groups in any given society, which leads to economic inequality and variation in access to resources and opportunities.