How Will the Following Adjusting Journal Entry Affect the Accounting

question 27

Multiple Choice

How will the following adjusting journal entry affect the accounting equation?

• A)increase assets, increase revenues
• B)increase liabilities, increase revenues
• C)decrease liabilities, increase revenues
• D)decrease liabilities, decrease revenues

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Definitions:

Human Performance

The study and application of psychological principles and techniques to improve the effectiveness, efficiency, and well-being of individuals in various settings.

Alderfer's ERG Theory

A motivation theory that categorizes human needs into three groups: Existence, Relatedness, and Growth, suggesting that individuals are motivated by the fulfillment of these needs in varying degrees.

Distributive Justice

Concerns the fair allocation of resources and benefits among members of a society or group.

Fairly Allocated

The perception or condition of resources, duties, or rewards being distributed in a just and equitable manner among all parties.