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

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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Multiple Choice

Which of the following is considered an internal stakeholder in a business?

Employees

Customers

Government agencies

Suppliers

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Verified step by step guidance

Understand the concept of stakeholders: Stakeholders are individuals or groups that have an interest in the operations and outcomes of a business. They can be categorized as internal or external stakeholders.

Define internal stakeholders: Internal stakeholders are those who are directly involved in the organization and its operations, such as employees, managers, and owners.

Define external stakeholders: External stakeholders are those outside the organization who are affected by its activities, such as customers, suppliers, government agencies, and the community.

Analyze the options provided: Employees are directly involved in the business operations and decision-making processes, making them internal stakeholders. Customers, government agencies, and suppliers are external stakeholders as they are outside the organization.

Conclude that employees are the correct answer because they are internal stakeholders who contribute to the functioning and success of the business from within.