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

Revenue sources for cities include all of the following except:

Property taxes

Federal income taxes

Sales taxes

Service fees

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Verified step by step guidance

Understand the concept of revenue sources for cities. Cities typically generate revenue through various means to fund public services and infrastructure.

Review common revenue sources for cities, which include property taxes, sales taxes, and service fees. These are local sources of income directly tied to the city's operations.

Recognize that federal income taxes are not a revenue source for cities. Federal income taxes are collected by the federal government and are not directly allocated to city budgets.

Differentiate between local taxes (e.g., property taxes and sales taxes) and federal taxes. Local taxes are controlled and utilized by city governments, while federal taxes are managed at the national level.

Conclude that the correct answer is 'Federal income taxes,' as it does not belong to the list of typical revenue sources for cities.