Frank Company earned $15,000 of cash revenue. Which of the following accurately reflects how this event affects the company's horizontal financial statements model? Assets=Liab.+EquityRev.?Exp.=Net Inc.Stmt ofCash FlowsA.15,000=NA+15,000NA?NA=NA15,000 OAB.15,000=NA+15,00015,000?NA=15,000NAC.15,000=NA+15,00015,000?NA=15,00015,000 OAD.15,000=15,000+NA15,000?NA=15,00015,000 OA

A. Option A
B. Option B
C. Option C
D. Option D


Answer: C

Business

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