Which of the following shows how paying cash for an insurance policy that protects the company for some future time period affects a company's financial statements Multiple Choice Balance Sheet Income Statement Net Statement of Assets +/- = Liabilities + Equity Revenues - Expenditures = Income Cash Flows NA NA NA - Operating Balance Sheet Income Statement Assets = Liabilities + Equity Revenues - Expenditures = NA Net Income NA Statement of Cash Flows - Operating Balance Sheet Income Statement Net Assets +/- = Liabilities + Equity Revenues - Expenditures = Income NA NA Balance Sheet Income Statement Net Assets +/- = Liabilities + NA Equity Revenues Expenditures = Income + Statement of Cash Flows - Investing Statement of Cash Flows - Operating