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

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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Multiple Choice

When determining a form of business organization, all of the following are considered except:

Personal preferences of employees

Extent of liability

Tax implications

Ability to raise capital

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Verified step by step guidance

Understand the context of the question: The problem is asking about factors considered when determining a form of business organization. This involves evaluating key aspects that influence the choice of business structure.

Review the options provided: The options include 'Personal preferences of employees,' 'Extent of liability,' 'Tax implications,' and 'Ability to raise capital.' Analyze each option to determine its relevance to the decision-making process.

Clarify the concept of 'Extent of liability': This refers to the degree to which owners are personally responsible for the debts and obligations of the business. It is a critical factor in choosing a business structure, as it impacts risk exposure.

Explain 'Tax implications': Different business structures (e.g., sole proprietorship, partnership, corporation) have varying tax treatments. This is an important consideration for owners when selecting a form of organization.

Evaluate 'Personal preferences of employees': This option is not typically a factor in determining the form of business organization. The decision is primarily based on ownership, liability, taxation, and capital-raising ability, rather than employee preferences.