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 79

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. $$\text { Increase } = \mathrm { I } \quad \text { Decrease } = \mathrm { D } \quad \text { No Effect } = \mathrm { N }$$
Shaffer Co. declared and distributed a 5 percent stock dividend. $\begin{array}{|l|l|l|l|l|l|}\text { Assets Liabilities } & \text { Equity } & \text { Revenues } & \text { Expenses } & \begin{array}{c}\text { Net } \\\text { Income }\end{array} & \begin{array}{c}\text { Cash } \\\text { Flow }\end{array}\\\hline&&&\end{array}$

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Interactions and communications that occur through digital platforms or social media channels on the internet.

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Corporate Social Responsibility programs; initiatives undertaken by companies to operate in an economically, socially, and environmentally sustainable manner.

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A branch of public relations focused on managing the communication and reputation of an organization in the financial community and with investors.

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A division within an organization that manages internal and external communication, including PR, media relations, and employee communication.