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(Solved): Identify how each of the following separate transactions \\( t \\) through 10 affects financial sta ...




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Identify how each of the following separate transactions \\( t \\) through 10 affects financial statements. The cells contain the numbers along with their impacts (Increase + , Decrease - , and both \\( +1-1 \\). Select the appropriate amount from the cells that describes the transactions. The first transaction is completed as an example. Required: a. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity. For the income statement, identify how each transaction affects net income. b. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities.


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WORKING #1:- DETERMINATION OF THE EFFECT OF THE TRANSACTION ON THE BALANCE SHEET
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