Falcon Company Earned $15,000 of Cash Revenue A) B) C)

Multiple Choice

Falcon Company earned $15,000 of cash revenue. Which of the following choices accurately reflects how this event affects the company's financial statements? $\begin{array}{|l|l|l|l|l|l|l|l|l|l|l|}\hline\text { Assets }&=& \text { Liab. }&+&\text { Equity } &\text { Rev. }&-& \text { Exp. }&=& \text { Net Inc. } &\text { Cash Flow }\\\hline\end{array}$

A)
$$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l | } \hline 15,000 & = & \text { NA } & + & 15,000 & \text { NA } & - & \text { NA } & = & \text { NA } & 15,000 \text { OA } \\\hline\end{array}$$
B)
$$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l |} \hline 15,000 & = & \mathrm { NA } & + & 15,000 & 15,000 & - & \mathrm { NA } & = & 15,000 & \text { NA } \\\hline\end{array}$$
C)
$$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l | } \hline 15,000 & = & \mathrm { NA } & + & 15,000 & 15,000 & - & \mathrm { NA } & = & 15,000 & 15,000 \mathrm { OA } \\\hline\end{array}$$
D)
$$\begin{array} { | l | l | l | l | l | l | l | l | l | l|l|} \hline15,000&=&15,000&+&NA&15,000&-&NA&=&15,000&15,000 OA \\\hline\end{array}$$