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Anton Company paid cash to extend the life of one of its assets. Which of the following choices accurately reflects how this event would affect
Anton Company paid cash to extend the life of one of its assets. Which of the following choices accurately reflects how this event would affect the financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders Equity Revenue Expense = Net Income A. +/ Not affected Not affected Not affected Not affected Not affected Not affected B. +/ Not affected Not affected Not affected Not affected Not affected Investing activity C. Not affected Not affected + Operating activity D. Not affected Not affected + Not affected Multiple Choice Option A Option B Option C Option D
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