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

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

In the context of types of accounting, which of the following is a characteristic action a company can take in a direct investment?

Establish a wholly owned subsidiary in a foreign country

Acquire a controlling interest in a foreign business

Purchase shares in a foreign company without gaining significant influence

Enter into a licensing agreement with a foreign firm

Previous problemNext problem

Verified step by step guidance

Understand the concept of direct investment: Direct investment refers to a situation where a company invests in a foreign country with the intention of gaining control or significant influence over the operations of the foreign entity.

Differentiate between the options provided: Analyze each action to determine whether it aligns with the characteristics of direct investment, which typically involves control or significant influence.

Option 1: Establishing a wholly owned subsidiary in a foreign country is a direct investment because the company has full control over the subsidiary's operations.

Option 2: Acquiring a controlling interest in a foreign business is also a direct investment because it provides the company with significant influence or control over the foreign business.

Option 3 and Option 4: Purchasing shares without gaining significant influence and entering into a licensing agreement do not qualify as direct investments because they do not involve control or significant influence over the foreign entity.