Delta Company experienced an accounting event that affected its financial statements as indicated below:Asset=Liab.+EquityRev.?Exp=Net Inc.Stmt ofCash Flow? NA ?NA + ?+OAWhich of the following accounting events could have caused these effects on the elements of Delta's statements?
A. Paid a cash dividend
B. Earned cash revenue
C. Incurred a cash expense
D. Borrowed money from a bank
Answer: C
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