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

question 90

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. $$\text { Increase } = \mathrm { I } \text { Decrease } = \mathrm { D } \text { No Effect } = \mathrm { N }$$
On September 30, 2014, Falls Company collected the principal on a one-year note receivable dated October 1, 2011. Show the effect of the collection of the principal on Falls' financial statements.

Analyze the role of expectations in economic theory and policy effectiveness.

Distinguish between policy activists and non-interventionists in the context of fiscal and monetary policy.

Understand the principles of supply-side economics and its stance on tax policies.

Distinguish between the views of supply-side economists and other economic schools on fiscal and monetary policies.

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Definitions:

ISM

Institute for Supply Management; an organization that produces research and standards in the field of supply management.

APICS

APICS stands for the Association for Supply Chain Management, a professional association for supply chain management and logistics professionals, offering certification programs and training.

PMI

The Project Management Institute, a professional organization for project management providing best practices, certifications, and education.

Fiscal Year-End

The completion of a one-year, or 12-month, accounting period that businesses use for financial reporting and budgeting.