The Following Entry Was Recorded in the Books of Brighty

question 158

Multiple Choice

The following entry was recorded in the books of Brighty Company. ​ What is the impact of this entry on the accounting equation?

• A) an increase in Assets and an increase in Equity
• B) an increase in Assets and an increase in Liabilities
• C) a decrease in Assets and a decrease in Liabilities
• D) a decrease in Assets and a decrease in Equity

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Definitions:

Jurisdiction and Control

Refers to the authority which a legal body has to govern or enforce laws within a certain area or over certain persons.

Celestial Body

An object in space such as a planet, star, moon, or asteroid that is located outside Earth's atmosphere.

Outer Space Treaty

An international agreement that forms the basis of international space law, outlining principles for space exploration and usage, including the prohibition of weapons of mass destruction in space.

Appropriation

The act of taking something for one's own use, typically without the owner's permission.