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

Real estate loans generally include a promissory note and a:

mortgage

partnership agreement

stock certificate

lease agreement

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Understand the components of a real estate loan: Real estate loans typically involve two key documents—a promissory note and a mortgage. The promissory note is a written promise to repay the loan, while the mortgage secures the loan with the property as collateral.

Review the options provided in the question: partnership agreement, stock certificate, lease agreement, and mortgage. Consider which of these is most relevant to securing a real estate loan.

Eliminate irrelevant options: A partnership agreement is used to define the terms of a business partnership, a stock certificate represents ownership in a corporation, and a lease agreement outlines terms for renting property. None of these directly relate to securing a real estate loan.

Focus on the correct option: A mortgage is the legal document that ties the loan to the property, ensuring the lender has a claim to the property if the borrower defaults on the loan.

Conclude that the correct answer is 'mortgage,' as it is the essential component paired with a promissory note in real estate loans.