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

A security that represents part ownership of a company is called a(n) _____________.

bond

commercial paper

equity share

debenture

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Verified step by step guidance

Understand the concept of securities: Securities are financial instruments that represent ownership or a claim on an entity's assets or earnings. They are broadly categorized into equity securities and debt securities.

Define equity share: An equity share represents ownership in a company. When you own equity shares, you are a part-owner of the company and may have voting rights and a claim on the company's profits through dividends.

Differentiate equity shares from other securities: Bonds, debentures, and commercial papers are debt securities, meaning they represent a loan made by the investor to the issuer. These do not provide ownership rights but rather a fixed return in the form of interest.

Identify the correct term: Since the question asks for a security that represents part ownership of a company, the correct term is 'equity share,' as it aligns with the definition of ownership in a company.

Review the options provided: Compare the definitions of bond, commercial paper, and debenture to ensure none of these represent ownership. Confirm that 'equity share' is the correct answer based on the explanation above.