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14. Klean Company experienced an accounting event that affected its financial statements as indicated below: Assets = Liab. + Equity Rev./Gain - Exp./los = Net
14. Klean Company experienced an accounting event that affected its financial statements as indicated below: Assets = Liab. + Equity Rev./Gain - Exp./los = Net Inc. Cash Flow S NA NA FA Which of the following events could have caused these effects? a. recognizing depreciation. b.paying cash for a capital expenditure. c. amortizing a patent. d selling a long-term asset for a loss
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