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Addison Company experienced an accounting event that affected its financial statements as indicated below: Assets Liabilities + Stockholders' Equity Revenue Expense Net Income Statement of
Addison Company experienced an accounting event that affected its financial statements as indicated below: Assets Liabilities + Stockholders' Equity Revenue Expense Net Income Statement of Cash Flow Which of the following accounting events could have caused these effects on Addison's financial statements? Multiple Choice Issued common stock Earned revenue on account Earned cash revenue Collected cash from accounts receivable
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