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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Struggling with Financial Accounting?

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Multiple Choice

Kiera is a college student who wants a checking account with no monthly fees, low minimum balance requirements, and easy online access. Which type of checking account would be best for her?

Business checking account

Interest-bearing checking account

Student checking account

Premium checking account

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Verified step by step guidance

Understand the requirements Kiera has for her checking account: no monthly fees, low minimum balance requirements, and easy online access.

Analyze the features of each type of checking account provided in the options: Business checking accounts are typically designed for businesses and may have higher fees and balance requirements, making them unsuitable for Kiera.

Consider interest-bearing checking accounts: These accounts often require higher minimum balances to earn interest, which may not align with Kiera's need for low minimum balance requirements.

Evaluate premium checking accounts: These accounts often come with additional perks but may have higher fees and balance requirements, making them less suitable for Kiera's needs.

Identify the student checking account as the best option: Student checking accounts are specifically designed for students, often offering no monthly fees, low minimum balance requirements, and easy online access, meeting all of Kiera's criteria.