Which of the following shows how incurring cash expenses 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 $+=$ OA

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

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

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

Multiple Choice

Option A

Option B

Option C

Option D