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Reynolds Company experienced an accounting event that affected its financial statements as indicated below: Assets + Liab. NA Equity + Rev. + Exp. NA Net
Reynolds Company experienced an accounting event that affected its financial statements as indicated below: Assets + Liab. NA Equity + Rev. + Exp. NA Net Inc. + Cash Flow +OA Which of the following accounting events could have caused these effects on Reynolds' statements? Multiple Choice Earned cash revenue. Borrowed money from a bank. Paid a cash dividend. The information provided does not represent a completed event.
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