The following entry was recorded in the books of Brighty Company. Apr. 8 Accounts Payable—Marigold, Inc. 3,000 Inventory 3,000 Debit Memo No. 25. What is the impact of this entry on the accounting equation? a. an increase in Assets and an increase in Liabilities b. a decrease in Assets and a decrease in Equity c. a decrease in Assets and a decrease in Liabilities d. an increase in Assets and an increase in Equity

John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.