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A Company experienced an accounting event that is shown in the following T-accounts: Cash 5,000 Unearned Revenue 5,000 Which of the following reflects how this
A Company experienced an accounting event that is shown in the following T-accounts: Cash 5,000 Unearned Revenue 5,000 Which of the following reflects how this event affects the company's financial statements? Multiple Choice Assets Liab. + Equity Rev. Exp. = Net Inc. + NA NA + Cash Flows Multiple Choice Assets + = Liab. + Equity Rev. Exp. Net Inc. Cash Flows + NA + NA Assets + = Liab. NA + Equity Rev. + NA Exp. Net Inc. NA Cash Flows + FA Assets = Liab. Equity Rev. + NA + + Exp. NA = Net Inc. Cash Flows Assets = Liab. + Equity Rev. Exp. Net Inc. Cash Flows NA NA + OA Assets = Liab. + Equity Rev. Exp. = Net Inc. Cash Flows + NA NA + NA Assets Liab. NA + Equity Rev. + Exp. NA = Net Inc. NA Cash Flows + FA Assets = Liab. + Equity Rev. NA + Exp. NA Net Inc. Cash Flows NA Assets = Liab. + Equity Rev. Exp. Net Inc. Cash Flows + + NA NA NA + OA
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