Financial assets-effects of transactions
Five events involving financial assets are described below:
(a. )Received dividends earned on investment in marketable securities.
(b. )Invested excess cash in marketable securities.
(c. )Determined that a specific account receivable is worthless and wrote it off against the allowance for doubtful accounts.
(d. )Made sale of merchandise for cash.
(e. )Sold available for sale marketable securities at a loss.Cash proceeds from the sale were equal to the current market value reflected in the last balance sheet.
Indicate the effects of each independent transaction or adjusting entry upon the financial measurements shown in the column headings below.Use the code letters,I for increase,D for decrease,and NE for no effect.
Definitions:
Expansion Process
An organizational strategy that involves increasing the reach, product line, or market share of a company.
Functional Job Analysis
A method of job evaluation that involves analyzing and describing the tasks, duties, and responsibilities of a job to determine its value and classification.
Task-Analysis Inventory
The task-analysis inventory is a family of job-analysis methods, each with unique characteristics; each focuses on analyzing all the tasks performed in the focal job.
Information Inputs
The data or information that is fed into a system or process for processing or analysis.
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