For the Following Transaction,identify the Type of Change That Would

question 39

Multiple Choice

For the following transaction,identify the type of change that would have occurred in the accounting equation: Assets = Liabilities + Issued Capital + Opening retained profits + Revenue - Expenses - Dividends
-
A new CEO was appointed to commence in 3 months' time on a salary of $400 000 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.

---

Definitions:

Salary Expectations

The amount of money an individual anticipates earning from their job or career.

Job Search Engine

A digital platform that aggregates and lists job postings from various sources, allowing users to search for employment opportunities based on specific criteria.

Aggregates

Collections or groups of items that are gathered together, often used in statistical analysis to provide insights into trends or patterns.

Job Listings

Advertisements placed by employers seeking to fill positions, typically outlining job responsibilities, qualifications, and application procedures.