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

7. Receivables and Investments

Types of Receivables

Financial Accounting

7. Receivables and Investments

Types of Receivables

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Multiple Choice

Which of the following is typically used by borrowers to secure a mortgage loan?

Inventory

Real estate property

Equipment

Accounts receivable

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Verified step by step guidance

Understand the concept of a mortgage loan: A mortgage loan is a type of loan where the borrower pledges real estate property as collateral to secure the loan.

Review the options provided: Inventory, Real estate property, Equipment, and Accounts receivable.

Analyze each option: Inventory, equipment, and accounts receivable are typically not used as collateral for mortgage loans because they are not fixed assets and may not provide long-term security to the lender.

Focus on real estate property: Real estate property is a fixed asset and is commonly used as collateral for mortgage loans because it provides stability and long-term value to the lender.

Conclude that the correct answer is real estate property, as it aligns with the definition and purpose of a mortgage loan.