Question

For BUL's financial statement, list the accounting captions that would be most impacted by the two transactions and consider the potential impact (i.e. 'lower'

or 'higher') for each.

Answer 1

For BUL's financial statement, the two transactions will likely have the most impact on the captions of assets, liabilities, and equity. The assets and liabilities may increase or decrease depending on the nature of the transactions, while the equity will likely increase or decrease accordingly. For example, if BUL buys new assets or takes on debt, the assets and liabilities will increase respectively, while the equity will decrease. On the other hand, if BUL sells assets or pays down debt, the assets and liabilities will decrease respectively, while the equity will increase

Step-by-step explanation: