Addison Company experienced an accounting event that affected its financial statements as indicated below:Assets=Liab.+Equity Rev.?Exp.=Net Inc. ? Stmt ofCash Flows+ NA + + NA + NAWhich of the following accounting events could have caused these effects on Addison's statements?
A. Issued common stock
B. Collected cash from customers in partial settlement of its accounts receivable.
C. Earned revenue on account
D. Earned cash revenue
Answer: C
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