Indicate How Each Event Affects the Elements of Financial Statements $\begin{array}{lll}\text { Increase }=I & \text { Decrease }=D & \text { No Effect }=N\end{array}$

question 21

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. $\begin{array}{lll}\text { Increase }=I & \text { Decrease }=D & \text { No Effect }=N\end{array}$
Greene Co. paid $211,000 cash in salaries to its employees. $\begin{array} { l }\begin{array}{|l|l|l|l|l|l|l|}\text { Assets }&\text {Liabilities}&\text { Equity }&\text {Revenues }&\text {Expenses }&\text { Net Income }&\text { Cash }\\\hline & & & & & & \\\hline\end{array}\end{array}$

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Definitions:

Disadvantages

The circumstances or features that place someone or something at a competitive disadvantage or result in unfavorable outcomes.

Freud's Influence

Pertains to the impact of Sigmund Freud’s theories, particularly in psychoanalysis, on numerous aspects of psychology, culture, and intellectual thought.

Clitoral Orgasm

A sexual climax experienced by the stimulation of the clitoris, characterized by intense pleasure and physiological changes.

Female Masturbation

Is the self-stimulation of the genitals by a female for sexual pleasure.