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

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which of the following is NOT a reason for deleting a product or product line?

The product has recently become the company's best-selling item.

The product no longer fits with the company's strategic objectives.

The product is experiencing declining market demand.

The product consistently generates losses for the company.

Previous problemNext problem

Verified step by step guidance

Understand the context of the question: The problem is asking which of the options is NOT a valid reason for deleting a product or product line. This requires analyzing each option critically.

Review the first option: 'The product has recently become the company's best-selling item.' Consider whether this would logically justify deleting a product. A best-selling item typically contributes positively to revenue and aligns with business goals, so it is unlikely to be a valid reason for deletion.

Evaluate the second option: 'The product no longer fits with the company's strategic objectives.' If a product does not align with the company's long-term goals or strategy, it could be a valid reason for deletion.

Analyze the third option: 'The product is experiencing declining market demand.' Declining demand often leads to reduced profitability, making it a reasonable justification for discontinuing a product.

Examine the fourth option: 'The product consistently generates losses for the company.' Products that consistently incur losses negatively impact the company's financial health, making this a valid reason for deletion.