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 typical source of monetary resources for a business enterprise?

Issuing shares of stock

Calculating net income

Recording depreciation expense

Preparing a trial balance

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Verified step by step guidance

Understand the question: The problem is asking about typical sources of monetary resources for a business enterprise. This refers to how businesses acquire funds to operate and grow.

Analyze the options: Review each option provided and determine whether it directly contributes to acquiring monetary resources. For example, issuing shares of stock involves selling ownership stakes in the company to investors, which generates funds.

Evaluate 'Calculating net income': This is a financial performance measure and does not directly provide monetary resources. It is used to assess profitability, not to acquire funds.

Evaluate 'Recording depreciation expense': Depreciation is an accounting process to allocate the cost of an asset over its useful life. It does not generate monetary resources but impacts financial statements.

Evaluate 'Preparing a trial balance': A trial balance is a bookkeeping tool used to ensure that debits and credits are balanced. It is part of the accounting process and does not provide monetary resources. Therefore, issuing shares of stock is the correct answer.