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 79

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. Assume use of a perpetual inventory system. $$\text { Increase } = \mathrm { I } \quad \text { Decrease } = \mathrm { D } \quad \text { No Effect } = \mathrm { N }$$
Youkilis Company paid $2,000 of selling expenses with cash. Show how the transaction would affect Youkilis's financial statements. $\begin{array} {| l| l| l| l| l| l| l| }\text { Assets}&\text { Liabilities }&\text {Equity}&\text { Revenues}&\text { Expenses }&\text { Net Income }&\text { Cash }\\\hline &&&&&\end{array}$

Recognize the role of adequate explanations in reducing negative employee reactions.

Define and identify congruence in communication.

Understand the impact of communication media and systems on information sharing and secrecy.

Comprehend how feedback enhances organizational communication.

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Definitions:

Nursing

A healthcare profession focused on the care of individuals, families, and communities to maintain or recover health and quality of life.

Diploma School

An educational institution that awards diplomas upon completion of specific courses of study.

Hospital

An institution where the sick or injured are given medical or surgical care.

British Colonies

Territories that were under the dominion and administration of the British Crown between the 16th and early 20th centuries.