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In April 2020, Langley Company provided $1,500 in services to a customer who paid in cash. Which of the following correctly portrays the effect
In April 2020, Langley Company provided $1,500 in services to a customer who paid in cash. Which of the following correctly portrays the effect of this event across a horizontal analysis? A. Balance sheet Income statement Cash flow statement Assets Liabilities SE Revenue Expenses NI Revenue Expenses NI +1,500 +1,500 +1,500 +1,500 B. Balance sheet Income statensent Cash flow statement Assets Liabilities SE Revenue Expenses NI Revenue Expenses NI +1,500 +1,500 +1,500 +1,500 0 Balance sheet Assets Liabilities SE Revenue Income statement Expenses Cash flow statement NI Revenue Expenses NI +1,500 +1,500 +1,500 +1,500 +1,500 +1,500 D Balance sheet Income statement Cash flow statement Assets Liabilities SE Revenue Expenses NI Revenue Expenses NI 1,500 +1,500 +1,500 +1,500
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