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 46

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. $$\text { Increase } = \mathrm { I } \quad \text { Decrease } = \mathrm { D } \quad \text { No Effect } = \mathrm { N }$$
On January 1, 2014, Ortiz Co. paid $100,000 to retire its bonds payable that matured on that date. Indicate the effects of retiring these bonds. $\begin{array}{|l|l|l|l|l|l|}\text { Assets Liabilities } & \text { Equity } & \text { Revenues } & \text { Expenses } & \begin{array}{c}\text { Net } \\\text { Income }\end{array} & \begin{array}{c}\text { Cash } \\\text { Flow }\end{array}\\\hline&&&\end{array}$

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Definitions:

Components of Personality

Fundamental elements that together define an individual's unique personality, including traits, behaviors, and thought patterns.

PAI

Personality Assessment Inventory, a psychological assessment tool used to evaluate the personality and psychopathology of individuals.

Diagnostic Personality Test

A type of assessment used to evaluate an individual's personality traits and characteristics for the purpose of diagnosis.

Coopersmith

Refers to the Coopersmith Self-Esteem Inventory, a psychological assessment tool used to evaluate an individual's self-esteem.