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 12

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. $$\text { Increase } = \mathrm { I } \quad \text { Decrease } = \mathrm { D } \quad \text { No Effect } = \mathrm { N }$$
Using double declining balance depreciation, instead of straight line, will have what effect on the financial statements in the first year of an asset's life? $\begin{array}{|l|l|l|l|l|l|}\text { Assets Liabilities } & \text { Equity } & \text { Revenues } & \text { Expenses } & \begin{array}{c}\text { Net } \\\text { Income }\end{array} & \begin{array}{c}\text { Cash } \\\text { Flow }\end{array}\\\hline&&&\end{array}$

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Definitions:

Nonjudgmental Acceptance

Embracing individuals' experiences and feelings without assessing them as good or bad.

Unconditional Positive Regard

A concept in client-centered therapy implying complete acceptance and support of a person no matter what they say or do.

Empathy

The ability to understand and share the feelings of another person from their perspective.

Positive Psychology

A branch of psychology that focuses on the study of positive aspects of human life, such as happiness and well-being.