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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.
 Ownters’  Cash  Net Income Assets  Liab.  Equity Flows  (a)  Record depreciation expense  (b)  Sold equipment for cash at a loss  (c)  Recorded loss on impaired goodwill  (d)  Recorded depletion expense  (e)  Recorded a capital expenditure and issued a note  payable \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}


Definitions:

Methylpropane

Another term for isobutane, a branched alkane with the formula \(C_4H_{10}\), used as a refrigerant and a propellant in aerosol sprays.

Methyl Isobutyrate

An organic compound with the formula C5H10O2, used as a flavoring agent and solvent.

Acid Chloride

Organic compounds belonging to the acyl chloride group, characterized by a carbon-oxygen double bond connected to a chlorine atom, used as intermediates in organic synthesis.

2° Amine

A type of amine where the nitrogen atom is attached to two alkyl or aryl groups and one hydrogen atom.

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