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  3. specify if each transaction was an increase/decrea

specify if each transaction was an increase/decrease/no effect for assets/liabilities/net income/cash flow ...

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Accounting

specify if each transaction was an increase/decrease/no effect for assets/liabilities/net income/cash flow

assets liabilities net income cash flow
Make payment on accounts payable.
Declare dividends to be paid later.
Recognize depreciation on equipment.
Pay the cash dividend on dividends declared previously.
Purchase equipment by using common stock.
Purchase inventory on account (i.e., for credit).

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