Which of the following statements models shows the effects of an asset use transaction?

Balance Sheet Income Statement Statement of Cash Flows

Assets $=$ Liab. $+$ Equity Rev. $-$ Exp. $=$ Net Inc.

A$.++$ NA NA NA NA $+$ FA

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

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

D$.$ NA $+$ NA $$ OA

Multiple Choice

Option A

Option B

Option C

Option D