Chico Company experienced an accounting event that affected its financial statements as indicated below:Assets=Liab.+EquityRev.?Exp.=Net Inc.Stmt ofCash Flows+=NA++NA?NA=NA+FAWhich of the following accounting events could have caused these effects on the elements of Chico's financial statements?

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


Answer: C

Business

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