Using the transactions in E5-9, complete the following table by indicating the sign of the effect (+

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Using the transactions in E5-9, complete the following table by indicating the sign of the effect (+ for increase, - for decrease, NE for no effect, and CD for cannot determine) of each transaction. Consider each item independently.

a. Repaid $10 on a long-term note payable to a bank. (Interest was paid separately.)
b. Recorded collections of cash from customers who owed $32.

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Fundamentals of Financial Accounting

ISBN: 978-0078025372

4th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Question Posted: Nov 23, 2016 08:04 AM

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Using the transactions in E5-9, complete the following table by indicating the sign of the effect (+

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Transaction Debt-to-Assets Asset Turnover Net Profit Margin

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Fundamentals of Financial Accounting

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