Check my During Year 1, China Enterprises experienced the following events. (1) Earned $10,200 of revenue...

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Check my During Year 1, China Enterprises experienced the following events. (1) Earned $10,200 of revenue on account (2) Incurred $6,900 of expenses on account Based on this information, which of the following describes the combined effects of both events on the amount of total assets, net income and cash flow from operating activities shown on the Year 1 financial statements? Net Cash Flow from Option A Total Assets $3,300 Net Income Operating Activities $3,300 0 Option B $10,200 $3,300 Option C $10,200 $3,300 Option D $10,200 $10,200 0 $3,300 $3,300 Check my During Year 1, China Enterprises experienced the following events. (1) Earned $10,200 of revenue on account (2) Incurred $6,900 of expenses on account Based on this information, which of the following describes the combined effects of both events on the amount of total assets, net income and cash flow from operating activities shown on the Year 1 financial statements? Net Cash Flow from Option A Total Assets $3,300 Net Income Operating Activities $3,300 0 Option B $10,200 $3,300 Option C $10,200 $3,300 Option D $10,200 $10,200 0 $3,300 $3,300