A transaction has been recorded in the T-accounts of Horowit…
A transaction has been recorded in the T-accounts of Horowitz Corporation as follows: CashDebitCredit25,000 Common StockDebitCredit 25,000 Which of the following reflects how this event affects the company’s financial statements? Balance SheetIncome StatementStatement of Cash FlowsAssets=Liabilities+Stockholders’ EquityRevenue-Expense=Net IncomeA.Increase=Increase+ – = Increase Financing Activity (FA)B.Increase= +Increase – = Increase Financing Activity (FA)C.Decrease= +DecreaseDecrease- =DecreaseIncrease Operating Activity (OA)D.Decrease=Decrease+ -Increase=DecreaseDecrease Investing Activity (IA)