Which of the following shows how collecting cash from accounts receivable will affect a company$$s financial statements?

Balance sheet Income Statement Statement of Cash Flows

Assets $=$ Liabilities $+$ Equity Revenue $$ Expenses $=$ Net Income

A$.+=$ NA $+++$ NA $=++$ IA

B$.+=$ NA $+++$ NA $=++$ OA

C$.$ NA $=$ NA $+$ NA NA $$ NA $=$ NA $+$ OA

D$.$ NA $=$ NA $+$ NA $+$ NA $=+$ NA

Multiple Choice

Option A

Option B

Option C

Option D