What Is One Effect of the Following General Journal Entry

question 136

Multiple Choice

What is one effect of the following general journal entry?

• A)Reduces liabilities
• B)Increases Retained Earnings
• C)Reduces equity
• D)Reduces assets

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Definitions:

Political Connections

Relationships or affiliations with political figures or entities that can influence decisions or outcomes.

Prison Administrators

Officials responsible for the management and operation of prisons, ensuring security, order, and rehabilitation efforts within the facility.

Knowledge of Institution

An understanding of the structures, roles, and dynamics within an organization or system.

Dehumanize Inmates

Treating prison inmates as if they are not human beings, often by denying them respect and dignity.