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

Putting money into more than one kind of investment at a time is called:

Amortization

Consolidation

Diversification

Depreciation

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Verified step by step guidance

Step 1: Understand the concept of diversification in financial accounting. Diversification refers to the practice of spreading investments across different types of assets or industries to reduce risk.

Step 2: Compare diversification with other terms provided in the problem: Amortization, Consolidation, and Depreciation.

Step 3: Define each term briefly: Amortization is the gradual reduction of a debt over time through scheduled payments. Consolidation refers to combining multiple entities or accounts into one. Depreciation is the allocation of the cost of a tangible asset over its useful life.

Step 4: Recognize that none of the other terms (Amortization, Consolidation, Depreciation) relate to the concept of spreading investments to reduce risk.

Step 5: Conclude that the correct term for putting money into more than one kind of investment at a time is Diversification.