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Ash Company experienced a business event that affected its financial statements as indicated below. Assets = Liabilities + Equity Revenue - Expense = Net Income
Ash Company experienced a business event that affected its financial statements as indicated below.
Assets Liabilities Equity Revenue Expense Net Income Statement of Cash Flow
Which of the following events could have caused these effects on the company's financial statements?
Multiple Choice
Collecting cash from customers as payment of accounts receivable
Earning cash for providing services to customers
Paid cash to purchase land
Purchased supplies on account
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