Ivan's Bank Assigned Him a Personal Identification Number (PIN)of 8624

question 3

Multiple Choice

Ivan's bank assigned him a personal identification number (PIN) of 8624 when he was first issued his credit card.Last week a different company bought out the credit card division and Ivan was issued a new PIN of 9317.If Ivan experiences proactive interference when he enters his PIN,you would expect that he will enter the digits

• A) 9317, his new PIN.
• B) 9324, using the last two digits of his old number in error.
• C) 8617, using the first two digits of his old number in error.
• D) 8624, his old PIN.

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Definitions:

Journal Adjustment

Entries made in the accounting journals to correct or update financial records.

Equity Recognition

The process of including equity investments in the financial statements of an investor, reflecting ownership interest in a company.

Revaluation Surplus

An increase in value of an asset, reflected in the books of account, over its previously recorded net book value.

Adjustment Recognition

The process of incorporating adjustments into financial statements for more accurate representation of financial positions or to reflect specific accounting standards.