Chico Company Experienced an Accounting Event That Affected Its Accounting

Multiple Choice

Chico Company experienced an accounting event that affected its accounting equation as indicated below:
$$\begin{array} { | c | c | c | c | c | c | c | } \hline \text { Assets } & = & \text { Liabilities } & + & \begin{array} { c } \text { Commnn } \\\text { Strok }\end{array} & + & \begin{array} { c } \text { Retained } \\\text { Eurnings }\end{array} \\\hline + & = & \text { NA } & + & + & + & \text { NA } \\\hline\end{array}$$
Which of the following accounting events could have caused these effects on Chico's statements?

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