Zimmerman Company sold land for $25,000 cash. The original cost of the land was $25,000. Which of the following accurately reflects how this event affects the company's financial statements? Assets=Liab.+EquityRev.?Exp.=Net Inc.Stmt ofCash FlowsA.NA=NA+NANA?NA=NA25,000 IAB.(25,000)=NA+(25,000)NA?NA=NA(25,000) IAC.25,000=25,000+NANA?NA=NA25,000 FAD.None of these.
A. Option A
B. Option B
C. Option C
D. Option D
Answer: A
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