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Chico Company Experienced an Accounting Event That Affected Its Accounting

Question 133

Multiple Choice

Chico Company experienced an accounting event that affected its accounting equation as indicated below: Chico Company experienced an accounting event that affected its accounting equation as indicated below: Which of the following accounting events could have caused these effects on Chico's accounting equation? A) Issued common stock. B) Paid cash expenses. C) Borrowed money from a bank. D) Paid a cash dividend. Which of the following accounting events could have caused these effects on Chico's accounting equation?


A) Issued common stock.
B) Paid cash expenses.
C) Borrowed money from a bank.
D) Paid a cash dividend.

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