The recognition of an expense may be accompanied by which of the following? Multiple Choice O An increase in liabilities A decrease in liabilities A decrease in revenue An increase in assets Which of the following describes the effects of a claims exchange transaction on a company's financial statements? Balance Sheet Assets - Liabilities + Equity Income Statement Revenue - Expense - Net Income Statement of Cash Plows +OA +OA + A. B. C. D. +OA Multiple Choice O Option Option Option c Option Addison Company experienced an accounting event that affected its financial statements as indicated below: Stockholders Assets - Liabilities + Equity Revenue - Expense - Net Income Statement of Cash Flow * Which of the following accounting events could have caused these effects on Addison's financial statements? Multiple Choice Earned cash revenue issued common stock o O Earned revenue on account O Collected cash from accounts receivable