Tengu format ruling
Chaos Necromancer

Card effect (current official text)The ATK of this card is the number of Monster Cards in your Graveyard x 300.
Rulings
- If you equip Chaos Necromancer with Axe of Despair and have 5 monsters in your GY, the ATK of Chaos Necromancer is 2500 (1500 + 1000).
- If Chaos Necromancer is equipped with Megamorph, its ATK is zero, but if Megamorph leaves play, recalculate the ATK of Chaos Necromancer using his effect.
- If Shield & Sword is activated, it reverses the original ATK & DEF of Chaos Necromancer, which are both zero, then Chaos Necromancer's effect is applied and his ATK will be 300 x the number of monsters in your GY, and DEF zero.
Rulings data courtesy of Format Library — formatlibrary.com. Spotted an inaccuracy? Flag it in the Tengu forum — sourced change requests get reviewed.