Question: Using the transactions in M5-8, complete the following table by indicating the sign of the effect (+ for increase, - for decrease, NE for no

Using the transactions in M5-8, 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.

Transaction In M5-8
a. Issued 10,000 shares of stock for $90,000 cash.
b. Equipment costing $4,000 was purchased by issuing a long-term note payable.
c. Recorded depreciation of $1,000 on the equipment

Transaction Debt-to-Assets Asset Turnover Net Profit Margin

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