For each of the following transactions, identify whether there is an increase or decrease in profit, cash flow, assets or liabilities.
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Profit Income — |
Assets |
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Transaction |
Expenses |
Cash Flow |
(excluding cash) |
Liabilities |
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Issues shares to public |
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Borrows money over 5 years |
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Pays cash for equipment |
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Buys inventory on credit |
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Sells goods on credit |
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Pays cash for salaries, rent, etc. |
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Pays cash to suppliers |
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Receives cash from customers |
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