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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

Chico Company Experienced an Accounting Event That Affected Its Accounting