Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

Which of the following budget items does not necessarily include monthly expenses?

Rent

Utilities

Capital expenditures

Salaries and wages

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Verified step by step guidance

Understand the concept of capital expenditures: Capital expenditures (CapEx) refer to funds used by a company to acquire, upgrade, or maintain physical assets such as property, buildings, or equipment. These are typically long-term investments and are not recurring monthly expenses.

Compare capital expenditures with the other items listed: Rent, utilities, and salaries and wages are recurring monthly expenses that are part of a company's operating budget.

Recognize the distinction: Capital expenditures are not part of the regular operating budget because they are usually one-time or infrequent investments, unlike rent, utilities, and salaries, which are ongoing costs.

Identify the correct answer: Since capital expenditures do not necessarily include monthly expenses, they stand out from the other options provided.

Conclude: The correct answer is 'Capital expenditures' because it represents a non-recurring, long-term investment rather than a regular monthly expense.