Frank Company earned $15,000 of cash revenue. Which of the following accurately reflects how this event affects the company's accounting equation? Assets=Liabilities+CommonStock+RetainedEarningsA.15,000=NA+15,000+NAB.15,000=NA+7,500+7,500C.15,000=NA+NA+15,000D.15,000=15,000+NA+NA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
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