Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element.

-Shelton Robotics Company amortized $30,400 of patent cost.How does this entry affect Shelton's financial statements?

Question

Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element.
 
-Shelton Robotics Company amortized $30,400 of patent cost.How does this entry affect Shelton's financial statements?

Quizplus · Accepted Answer

The Answer is (D)(N)(D)(N)(I)(D)(N)

Indicate How Each Event Affects the Elements of Financial Statements