Forest Beach Company experienced an event that had the following effects on its financial statements. Balance sheet Income Statement Statement of
Assets = Liab. + Equity Rev. - Exp. = Net Inc. Cash Flows
NA = NA + NA NA - NA = NA + IA
Which of the following events could have caused these effects?
a. Accrued interest revenue.
b. Loaned cash to an employee.
c. Collected cash for the principal balance of a note receivable.
d. Borrowed cash from a bank.
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