Which of the following shows how paying cash to purchase land 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 $+$ NA NA $$ NA $=$ NA $$ IA

B$.$ NA $=$ NA $+$ NA NA $$ NA $=$ NA $$ FA

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

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

Multiple Choice

Option A

Option B

Option C

Option D