Solved

Falcon Company Earned $15,000 of Cash Revenue B) C) D) $\begin{array} { | l | l | l | l | l | l | l | l | l | l|l|} \hline15,000&=&15,000&+&NA&15,000&-&NA&=&15,000&15,000 OA \\\hline\end{array}$

Question 113

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? $Falcon Company earned $15,000 of cash revenue. Which of the following choices accurately reflects how this event affects the company's financial statements? A) \begin{array} { | l | l | l | l | l | l | l | l | l | l | l | } \hline 15,000 & = & \text { NA } & + & 15,000 & \text { NA } & - & \text { NA } & = & \text { NA } & 15,000 \text { OA } \\ \hline \end{array} B) \begin{array}{|l|l|l|l|l|l|l|l|l|l|l|} \hline 15,000 & = & \mathrm{NA} & + & 15,000 & 15,000 & - & \mathrm{NA} & =&15,000 & \mathrm{NA} \\ \hline \end{array} C) \begin{array}{|l|l|l|l|l|l|l|l|l|l|l|} \hline 15,000 & = & \mathrm{NA} & + & 15,000 & 15,000 & - & \mathrm{NA} & = & 15,000 & 15,000 \mathrm{OA} \\ \hline \end{array} D) \begin{array} { | l | l | l | l | l | l | l | l | l | l|l|} \hline15,000&=&15,000&+&NA&15,000&-&NA&=&15,000&15,000 OA \\ \hline \end{array}$

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