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

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

In general, the (more/less) your car is worth, the (more/less) you’ll pay to insure it. Which combination correctly completes the statement?

less; less

more; more

less; more

more; less

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Verified step by step guidance

Understand the relationship between the value of an asset (in this case, a car) and the cost of insuring it. Insurance premiums are typically based on the risk and potential cost to replace or repair the asset.

Recognize that a higher-value car generally costs more to insure because the insurance company would need to pay more in the event of a claim.

Similarly, a lower-value car generally costs less to insure because the potential payout by the insurance company is smaller.

Analyze the options provided in the problem: 'less; less', 'more; more', 'less; more', and 'more; less'. Match the correct combination based on the explanation above.

Conclude that the correct combination is 'more; more', as a higher-value car leads to higher insurance premiums.