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

Types of Accounting

Financial Accounting

1. Introduction to Accounting

Types of Accounting

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Multiple Choice

Using a loan could help with the purchase of which of the following?

Utility expenses

Employee salaries

A building for business operations

Office supplies for daily use

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Verified step by step guidance

Understand the nature of a loan: A loan is typically used to finance significant, long-term investments or purchases that require a large amount of capital upfront. It is not generally used for recurring or small operational expenses.

Analyze the options provided: Utility expenses, employee salaries, and office supplies are recurring operational costs, which are usually covered by the business's operating cash flow rather than loans.

Recognize the correct use of a loan: Loans are often used for capital expenditures, such as purchasing a building for business operations, as this is a large, one-time investment that provides long-term benefits.

Match the correct answer: Among the options, 'A building for business operations' aligns with the typical purpose of a loan, as it is a significant investment that may require external financing.

Conclude: The correct answer is 'A building for business operations,' as it represents a capital expenditure suitable for loan financing, unlike the other options, which are operational expenses.