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Argus Company experienced an accounting event that affected its financial statements as indicated below: Assets = Liabilities + Equity Revenue Expenses = Net Income +
Argus Company experienced an accounting event that affected its financial statements as indicated below:
Assets = Liabilities + Equity Revenue Expenses = Net Income
+ NA NA NA NA NA
Which of the following accounting events could have caused the indicated effects on the company's accounting equation?
Multiple Choice
A.All of these.
B.Paid cash wages of production workers.
C.Applied manufacturing overhead to work in process.
D.Purchased raw materials for cash.
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