Identify given independent transactions as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Explain the way that each of the event affects assets, liabilities, stockholders’ equity , net income, and cash flow by placing a + for increase, − for decrease, or NA for not affected under each of the categories.

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Chapter 5, Problem 31P

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Identify given independent transactions as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Explain the way that each of the event affects assets, liabilities, stockholders’ equity, net income, and cash flow by placing a + for increase, − for decrease, or NA for not affected under each of the categories.

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