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  3. man company sold land for 25000 cash the original cost...

Question: man company sold land for 25000 cash the original cost...

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man Company sold land for $25,000 cash. The original cost of the land was $25,000. Which of the accurately reflects how this event affects the companys financial statements? AssetsLiab.Equity Rev A. NANA NA NA B. (25,000)NA(25,000) NA 25,000 | 5,000 NAİNA Exp.Net Stmt of NA NANA (25,000) NA NA Cash Inc Flows NA 25,000 IA IA D. None of these 28) - A) Option A B) Option B C) Option C D) Option D 29) Which of the following could represent the effects of an asset exchange transaction on a companys Stmt of Assets- Liab. Equity Rev. - Exp.Net Inc.Cash Flows A. NA IA NA OA NANA NA NA NA NA NA NA D. None of these could represent the effects of an asset exchange transaction 29) B A) Option A B) Option B C) Option C D) Option D )30) Chico Company experienced an accounting event that affected its financial statements as indicated below: Stmt of Exp.Net Inc.Cash Flow AssetsLiab. +Equity Rev NA stoc NA NA NA +FA C) S Chicos financial Which of the following accounting events could have caused these effects on the elements of 8)A statements? 30) No d A) Paid a cash dividend B) Eamed cash revenue C) Issued common stock D) Borrowed money from a bank Re Th Re No
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