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Addison Company experienced an accounting event that affected its financial statements as indicated below:
Assets =Liab. + Equity Rev.−Exp.=Net Inc. Cash Flow
+ NA + + NA + NA
Which of the following accounting events could have caused these effects on Addison's statements?
Issued common stock.
Earned revenue on account
Earned cash revenue.
Collected cash from accounts receivable.
Sagot :
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