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

Which of the following is NOT included in financial capital?

Cash

Bank deposits

Machinery and equipment

Marketable securities

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Verified step by step guidance

Understand the concept of financial capital: Financial capital refers to the funds or resources used by businesses to finance their operations, investments, and growth. It typically includes liquid assets and investments that can be easily converted into cash.

Review the items listed in the problem: Cash, bank deposits, machinery and equipment, and marketable securities.

Identify the characteristics of financial capital: Financial capital includes assets that are liquid or can be readily converted into cash, such as cash, bank deposits, and marketable securities. These are used to fund business activities.

Analyze machinery and equipment: Machinery and equipment are considered physical or tangible assets, not financial capital. They are categorized as fixed assets and are used in the production process rather than for financing purposes.

Conclude that machinery and equipment is NOT included in financial capital because it does not meet the definition of liquid or convertible financial resources.