For the Following Transaction,identify the Type of Change That Would

question 39

Multiple Choice

For the following transaction,identify the type of change that would have occurred in the accounting equation: Assets = Liabilities + Issued Capital + Opening retained profits + Revenue - Expenses - Dividends
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A new CEO was appointed to commence in 3 months' time on a salary of $400 000 per annum.

• A) A liability increased and another liability decreased.
• B) An asset decreased and a liability decreased.
• C) An asset increased and revenue increased.
• D) This had no effect on the accounting equation.

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Definitions:

Publicized Suicide

A suicide that becomes widely known or receives significant attention in the public domain.

Suicide Rates

Statistical measures that indicate the number of suicides occurring within a given population during a specified time period.

Suicide By Cop

A situation where an individual engages in threatening behavior with the intention of provoking a lethal response from law enforcement officers.

Foreknowledge

Having prior knowledge or awareness of an event, action, or situation before it happens, often implying a level of insight or information about future occurrences.