Use the information below to answer the following question(s):Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. Use only one letter for each element. You do not need to enter amounts.Increase = I Decrease = D 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 and is offset by a decrease in that same element.) The board of directors of Moreno Company restricts the amount of retained earnings available to pay dividends. 
What will be an ideal response?
(NA) (NA) (NA) (NA) (NA) (NA) (NA)
A retained earnings restriction, often called an appropriation, is an equity exchange event. It transfers a portion of existing retained earnings to appropriated retained earnings. Total stockholders' equity (that is, total retained earnings) remains unchanged.
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An advantage of which of the following types of syndicated services is being the most flexible way of obtaining data?
A) surveys B) audit services C) media panels D) scanner volume-tracking data E) in-depth interviews
At year-end, a trial balance showed total credits exceeding total debits by $4,950. This difference could have been caused by:
A. An error in the general journal where a $4,950 increase in Accounts Payable was recorded as a decrease in Accounts Payable. B. The balance of $5,500 in the Office Equipment account being entered on the trial balance as a debit of $550. C. An error in the general journal where a $4,950 increase in Accounts Receivable was recorded as an increase in Cash. D. A net income of $4,950. E. The balance of $49,500 in Accounts Payable being entered in the trial balance as $4,950.
A ________ is an unsecured bond, and most of the bonds sold today in the United States are of this type
A) mortgage bond B) debenture C) senior bond D) bond indenture
Which of the following is not a program revenues classification used in the governmental activities journal and reported in the government-wide statement of activities?
A. Operating grants and contributions. B. User fees. C. Capital grants and contributions. D. Charges for services.