Which of the Following Statements Best Describes the Effects of Recognizing

question 110

Multiple Choice

Which of the following statements best describes the effects of recognizing revenue earned by a business entity?

• A)Assets increase only when cash sales are made.
• B)Stockholders' equity increases only when credit sales are made.
• C)Assets and stockholders' equity increase when either cash or credit sales are made.
• D)Assets increase,but stockholders' equity decreases,when either cash or credit sales are made.

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Definitions:

Political Manoeuvring

Strategies and tactics used by individuals or groups to gain advantage or influence within an organizational or political setting.

Resistance To Change

The reluctance or refusal to adapt to new methods, processes, or technologies in an organization or individual level.

Forced Coercion

Employing threats or pressure to compel someone to act in a desired way against their will.

Rational Persuasion

A method of influencing others through logical arguments and factual evidence to change their attitudes or behaviors.