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 a certificate of debt issued by corporations and governments?

Bond

Stock

Annuity

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Verified step by step guidance

Step 1: Understand the concept of a bond. A bond is a certificate of debt issued by corporations or governments to raise funds. It represents a promise to pay back the principal amount along with interest over a specified period.

Step 2: Compare the term 'bond' with the other options provided. A stock represents ownership in a corporation, and an annuity is a financial product that provides regular payments over time. Neither of these is a certificate of debt.

Step 3: Recognize that bonds are typically issued to investors as a way for entities to borrow money. The investor becomes a creditor, and the issuer agrees to repay the debt with interest.

Step 4: Note that bonds are commonly used by governments and corporations to finance projects, operations, or other expenditures. They are a key component of the fixed-income market.

Step 5: Conclude that the correct answer to the question is 'Bond,' as it matches the definition of a certificate of debt issued by corporations and governments.