Financial Assets-Effects of Transactions
Five Events Involving Financial Assets Are

question 68

Essay

Financial assets-effects of transactions
Five events involving financial assets are described below:
(a.) Sold merchandise on account.
(b.) Sold available-for-sale marketable securities at a gain. Cash proceeds from the sale were equal to the current market value of the securities reflected in the last balance sheet.
(c.) Collected an account receivable.
(d.) Adjusted the allowance for doubtful accounts to reflect the portion of accounts receivable estimated to be uncollectible at year-end.
(e.) Made mark-to-market adjustment reducing the balance in the available-for-sale marketable securities account to reflect a decrease in the market value of securities owned.
Indicate the effects of each independent transaction or adjusting entry upon the financial measurements shown in the four column headings below. Use the code letters, I for increase, D for decrease, and NE for no effect.
$$\begin{array} { | c | c | c | c | c | } \hline & & & \text { Net Cash Flow } & \text { Net Cash Flow } \\\hline & & \text { Net } & \text { from Operating } & \text { (from Any } \\\hline \text { Transaction } & \text { Current Assets } & \text { Income } & \text { Activities } & \text { Source) } \\\hline \text { A } & & & & \\\hline \text { B } & & & & \\\hline \text { C } & & & & \\\hline \text { D } & & & & \\\hline \text { E } & & & & \\\hline & & & & \\\hline\end{array}$$

Understand the advantages and disadvantages of flexible benefit plans versus traditional fixed plans in employee recruitment and retention.

Identify the most common nonmandatory benefits provided by Canadian organizations and understand their importance to employees.

Analyze the distinctions between defined benefit and defined contribution pension plans, including their risks and portability.

Recognize the factors considered by courts in establishing awards for notice periods or severance in employment law.

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Definitions:

Anther

The part of a flower's stamen that contains pollen, which is necessary for fertilization in plants.

Nonreproductive

Pertaining to functions or behaviors not directly involved in the process of reproduction.

Sepal

One of the outermost parts of a flower, usually green and leaf-like, that protects the developing flower.