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.

---

Definitions:

Posttraumatic Growth

Positive psychological changes experienced as a result of struggling with highly challenging life circumstances or traumatic events.

Severely Traumatic

Describes an event or experience that is extremely distressing or disturbing, often leading to lasting psychological impact.

PTSD

Post-Traumatic Stress Disorder, a mental health condition triggered by experiencing or witnessing a terrifying event, leading to prolonged distress and anxiety.

Conditioning

A behavioral process whereby a response becomes more frequent or predictable in a given environment due to reinforcement.