A New Managing Director Was Appointed to Commence in 3

question 29

Multiple Choice

A new managing director was appointed to commence in 3 months' time on a salary of $250 000 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:

Polygamy

A marital practice in which an individual has more than one spouse simultaneously.

Polyandry

A form of marriage in which a woman has two or more husbands at the same time, a practice that is rare and typically found in certain cultures and societies.

Swinging

A lifestyle choice or activity in which couples engage in sexual activities with other partners, often within a recreational or social context.

Surveillance

The close observation or monitoring of individuals or groups, often by government or organizational entities, for the purpose of managing, influencing, or protecting them.