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Forest Beach Company experienced an event that had the following effects on its financial statements. Assets Balance Sheet Liab. + Equity NA Income Statement Rev.
Forest Beach Company experienced an event that had the following effects on its financial statements. Assets Balance Sheet Liab. + Equity NA Income Statement Rev. Exp. = Net Inc. NA NA NA Statement of Cash Flows - FA Which of the following events could have caused these effects? Multiple Choice Paid cash to settle accrued interest payable Paid cash to settle the principal balance of note payable O Paid cash for interest expense Paid cash to acquire a long-term asset
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