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1. The company purchases 3 new jets with a bank loan, issues 1000 new shares of stock, and sells an old plane for treasury bonds. This increases assets and liabilities on the balance sheet. 2. Higher fuel prices and a new airline tax raise costs, while higher ticket prices raise revenue. Ticket sales decrease however. This impacts the income statement. 3. Changes to the income statement like higher costs and revenue do not directly impact the cash flow statement, which shows changes to cash from operati

Author

Jamie Woods

Language

EN