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1. The Armstrong Corporation recorded a business event using T-accounts as follows: Cash 25,000 Common Stock 25,000 Which of the following reflects how this event

1. The Armstrong Corporation recorded a business event using T-accounts as follows: Cash 25,000 Common Stock 25,000 Which of the following reflects how this event affects the company's financial statements? Assets - Liab + Equity Rev. Exp. Net Ine. Cash Flow ? A - NA NA - NA NA + FA + ?. NA NA - NA NA +FA C + - NA +OA RIINA NA D SIM -IA NA

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