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Which of the following transactions caused the indicated effects? Multiple Choice Completed units were sold. Units were completed and moved to finished goods. The cost
Which of the following transactions caused the indicated effects? Multiple Choice Completed units were sold. Units were completed and moved to finished goods. The cost of units sold was recorded. None of these answers are correct. Which of the following is incorrect regarding the financing activities section of a statement of cash flows? Multiple Choice Increases in Contributed Capital accounts suggest cash inflows occurred from issuing equity instruments. Decreases in Long-Term Debt accounts suggest cash outflows occurred for payment of debt. Increases in Short-Term Notes Payable accounts suggest cash outflows occurred from issuing notes or bonds. Decreases in retained earnings suggest cash outflows occurred to pay dividends
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