Indicate How Each Event Affects the Elements of Financial Statements $$\text { Increase } = \mathrm { I } \quad \text { Decrease } = \mathrm { D } \quad \text { No Effect } = \mathrm { N }$$

question 44

Short Answer

Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. $$\text { Increase } = \mathrm { I } \quad \text { Decrease } = \mathrm { D } \quad \text { No Effect } = \mathrm { N }$$
Wilbur Company reissued 200 shares of treasury stock. The treasury stock had been purchased by Wilbur at $40 per share. The shares were reissued at a price of $45 per share. $\begin{array}{|l|l|l|l|l|l|}\text { Assets Liabilities } & \text { Equity } & \text { Revenues } & \text { Expenses } & \begin{array}{c}\text { Net } \\\text { Income }\end{array} & \begin{array}{c}\text { Cash } \\\text { Flow }\end{array}\\\hline&&&\end{array}$

---

Definitions:

White-collar Crime

Non-violent crime committed by individuals or corporations in the course of their professional lives, often involving financial deception.

Media Mogul

A highly influential person in the media industry who owns, controls, or has a significant impact on large segments of the mass media.

Misappropriated Funds

Refers to the intentional, illegal use of the funds or assets of another person or entity for one's own use or other unauthorized purpose.

Racial Profiling

The discriminatory practice by law enforcement officials of targeting individuals for suspicion of crime based on the individual's race, ethnicity, religion, or national origin.