Answered

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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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