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Davis Company experienced an accounting event that affected its financial statements as indicated below: Assets = Liab. + Equity Rev Exp = Net Cash

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Davis Company experienced an accounting event that affected its financial statements as indicated below: Assets = Liab. + Equity Rev Exp = Net Cash Inc. Flow = n/a n/a n/a n/a = n/a -OA Which of the following accounting events could have caused these effects on Davis Company's financial statements? a) Paid cash dividends b) Paid accounts payable c) Paid cash for rent in advance d) Purchased equipment for cash

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