A transaction has been recorded in the T$-$accounts of Horowitz Corporation as follows:

Cash

Debit Credit

$25,000$

Common Stock

Debit Credit

$25,000$

Which of the following reflects how this event affects the company's financial statements?

Balance Sheet Income Statement Statement of Cash Flows

Assets $=$ Liabilities $+$ Stockholders$$ Equity Revenue $-$ Expense $=$ Net Income

A$.++$ N$/$A N$/$A N$/$A N$/$A $+$Financing Activity $($FA$)$

B$.+$ N$/$A $+$ N$/$A N$/$A N$/$A $+$Financing Activity $($FA$)$

C$.$ N$/$A $$ N$/$A $+$Operating Activity $($OA$)$

D$.$ N$/$A N$/$A $+$Investing Activity $($IA$)$

Multiple Choice

Option D

Option C

Option A

Option B