During Year 1 China Enterprises Experienced the Following Events:(1)Earned $10,000 $\begin{array}{l}\text { Total Assets }&\text {Net Income}&\text { cash Flow trom operating } \\&&\text { Activities } \\\end{array}$

Multiple Choice

During Year 1 China Enterprises experienced the following events:(1) Earned $10,000 of revenue on account(2) Incurred $9,000 of expenses on accountBased on this information, which of the following describes the combined effects of both events on the amounts of total assets, net income, and cash flows from operating activities shown on the Year 1 financial statements? $\begin{array}{l}\text { Total Assets }&\text {Net Income}&\text { cash Flow trom operating } \\&&\text { Activities } \\\end{array}$
A. $\begin{array}{rrrr}& \$ 1,000 &&&& \$ 1,000 &&&&&& 0 \\\end{array}$
B. $\begin{array}{rrrr} & \$ 10,000 &&&& \$ 1,000 &&&&&& 0 \\\end{array}$
C. $\begin{array}{rrrr}& \$ 10,000 &&&& \$ 1,000 &&&&& \$ 1,000 \\\end{array}$
D. $\begin{array}{rrrr}& \$ 10,000 &&&& \$ 10,000 &&&&& \$ 1,000\end{array}$

A) Option A
B) Option B
C) Option C
D) Option D