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 statements is NOT true of secondary markets?

Secondary markets provide liquidity to investors by allowing them to buy and sell securities.

Stock exchanges such as the NYSE and NASDAQ are examples of secondary markets.

Secondary markets are where previously issued securities are traded among investors.

Companies receive new capital directly from investors in secondary markets.

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Verified step by step guidance

Understand the concept of secondary markets: Secondary markets are platforms where previously issued securities, such as stocks and bonds, are traded among investors. These markets provide liquidity, enabling investors to buy and sell securities easily.

Recognize the role of stock exchanges: Examples of secondary markets include stock exchanges like the NYSE (New York Stock Exchange) and NASDAQ, where securities are actively traded after their initial issuance.

Clarify the distinction between primary and secondary markets: In primary markets, companies issue new securities directly to investors to raise capital. In secondary markets, trading occurs between investors, and companies do not receive new capital from these transactions.

Analyze the given statements: Review each statement to determine its accuracy based on the definitions and roles of secondary markets. Pay special attention to the statement about companies receiving new capital directly from investors in secondary markets.

Identify the incorrect statement: Based on the analysis, conclude that the statement 'Companies receive new capital directly from investors in secondary markets' is NOT true, as companies do not receive new capital in secondary markets; they only do so in primary markets.