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For Each of the Following Items Indicate Whether the Transactions

Question 14

Essay

For each of the following items indicate whether the transactions listed below increased (+), decreased (-) or had no effect (0) by inserting the appropriate symbol.
?  Net  Owners’  Cash  Income  Assets  Liab.  Equity  Flows  (a) Sold equipment for cash at a  gain  (b) Recorded amortization  expense on patents  (c) Paid cash for minor repairs to  an asset  (d) Recorded a revenue  expenditure incurred on  account  (e) Paid cash to remove old  buil ding from land being  prepared for use \begin{array}{|l|l|c|c|c|c|c|}\hline&&\text { Net }&&&\text { Owners' }&\text { Cash } \\&&\text { Income } & \text { Assets } & \text { Liab. } & \text { Equity }&\text { Flows }\\\hline\text { (a)}&\text { Sold equipment for cash at a } \\&\text { gain }\\\hline\text { (b)}&\text { Recorded amortization } \\&\text { expense on patents }\\\hline\text { (c)}&\text { Paid cash for minor repairs to } \\&\text { an asset }\\\hline\text { (d)}& \text { Recorded a revenue } \\&\text { expenditure incurred on } \\&\text { account }\\\hline\text { (e)}&\text { Paid cash to remove old } \\&\text { buil ding from land being } \\&\text { prepared for use }\\\hline\end{array}

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a. +, +, 0, +, +
b. -, -, 0, -, 0
c. -, ...

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