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Delta Company Experienced an Accounting Event That Affected Its Accounting

Question 39

Multiple Choice

Delta Company experienced an accounting event that affected its accounting equation as indicated below: Delta 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 Delta's accounting equation? A) Purchased land for cash. B) Incurred a cash expense. C) Borrowed money from a bank. D) Earned cash revenue. Which of the following accounting events could have caused these effects on Delta's accounting equation?


A) Purchased land for cash.
B) Incurred a cash expense.
C) Borrowed money from a bank.
D) Earned cash revenue.

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