Question 21- Looking For Help With This Problem (3)

Hasbro is one of the worlds lending toy manufactures and the maker of such popular board games as Monopoly, Scrabble, and Clue among other. Listed

here are selected aggregate transactions from a recent year (dollars in million).

1. Record sales on account of $4,285.6 and related cost of goods sold of $1,836.3.
2. Issued debt due in six months with a principal amount of $500.
3. Incurred research and development expense of $197.6 which was paid in cash.

Complete the following table by entering the amount of the effect of each transaction. Enter negative amounts with a minus sign. Consider each item

independently. (Enter your answer in million rounded to 1 decimal place (i.e, 5,500,000 should be entered as 5.5)

Transaction Current assets Gross Profit Current Liabilities

a. $ 2,449.3 $ 2,449.3 $ WRONG

b. $ 500.00 $ WRONG $ 500.00

c. $ (197.6) $ WRONG $ WRONG