Hasbro is one of the world€™s leading toy manufacturers, and maker of such popular board games as Monopoly, Scrabble, and Clue, among others. Listed here are selected aggregate transactions from the first quarter of a recent year (dollars in millions). Complete the following tabulation, indicating the sign (+ for increase, €“ for decrease, and NE for no effect) and amount of the effect of each transaction. Consider each item independently.
a. Recorded sales on account of $325.4 and related cost of goods sold of $198.6.
b. Borrowed $346.5 on line of credit with a bank with principal payable within one year.
c. Incurred research and development expense of $90, which was paid incash.

Transcribed Image Text:

Transaction Current Assets Gross Prolit Current Liabilities b. C.