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 20

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 October 1, 2014, Falls Company loaned $10,000 to a customer for one year at 6% interest. Show the effect of this transaction on Falls' financial statements.

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English-Speaking Children

Children whose primary language of communication is English, affecting aspects of their linguistic, cognitive, and social development.

Number Words

Words that represent numbers or quantities, used in the development of numerical understanding in children.

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