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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

Reynolds Company Experienced an Accounting Event That Affected Its Financial