Reynolds Company Experienced an Accounting Event That Affected Its Financial

question 129

Multiple Choice

Reynolds Company experienced an accounting event that affected its financial statements as indicated below:
Which of the following accounting events could have caused these effects on Reynolds' statements?

• A)Paid a cash dividend.
• B)Earned cash revenue.
• C)Borrowed money from a bank.
• D)The information provided does not represent a completed event.

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