Identify Each of the Following Accounts as a Revenue (R)

question 254

Multiple Choice

Identify each of the following accounts as a revenue (R) , expense (E) , asset (A) , liability (L) , or equity (SE) .
-Salary Expense

• A)L
• B)SE
• C)R
• D)E
• E)A

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Definitions:

NAV

Net Asset Value, the total value of a fund's assets minus its liabilities, usually expressed per share.

Tail Event

An event or outcome that has a small probability of happening but can lead to significant impacts, often referred to in the context of financial risks.

Statistical Arbitrage

A quantitative trading strategy that seeks to exploit price discrepancies between related financial instruments by using complex statistical models and algorithms.

Long Term Capital Management

A hedge fund management firm famous for its collapse in 1998, highlighting the risks of using extensive leverage and derivatives.