Table of contents

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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

The payment of a fee to have products and services delivered on a recurring schedule is called:

A retainer

A subscription

A commission

A royalty

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Understand the definitions of the terms provided in the options: Retainer, Subscription, Commission, and Royalty.

A retainer is a fee paid in advance for services, often to secure the availability of a professional or service provider.

A subscription is a recurring payment made to access products or services on a regular schedule, such as monthly or annually.

A commission is a fee paid to an individual or entity based on a percentage of sales or transactions they facilitate.

A royalty is a payment made to the owner of intellectual property or natural resources for the use of their assets, typically calculated as a percentage of revenue or units sold.