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  3. indicate how each event affects the financial stat

Indicate how each event affects the financial statements model. Use the following letters to record...

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Accounting

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Indicate how each event affects the financial statements model. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts Increase 1 Decrease No Effect - NA (Note that "No Effect" means that the event does not affect that element of the financial statements or that the event causes an increase in that element, which is offset by a decrease in that same element) Todd Co. collected $2,000 cash from customers in partial settlement of its accounts receivable. abilities Equity Revenues Expenses Simt of Cash Net Income Flows

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