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Reynolds Company Experienced an Accounting Event That Affected Its Financial

Question 61

Multiple Choice

Reynolds Company experienced an accounting event that affected its financial statements as indicated below: 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. 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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