Addison 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 Addison's statements?

A)Issued common stock.
B)Earned revenue on account.
C)Earned cash revenue.
D)Collected cash from accounts receivable.

Question

Addison 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 Addison's statements?

A)Issued common stock. 
B)Earned revenue on account. 
C)Earned cash revenue. 
D)Collected cash from accounts receivable.

Quizplus · Accepted Answer

The Answer of Addison 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 Addison's statements?

A)Issued common stock. 
B)Earned revenue on account. 
C)Earned cash revenue. 
D)Collected cash from accounts receivable.

Addison Company Experienced an Accounting Event That Affected Its Financial