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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

A _____ is a share of ownership in a company.

stock

bond

liability

dividend

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Verified step by step guidance

Understand the concept of ownership in a company: Ownership in a company is represented by shares, which are units of equity ownership.

Learn the definition of a stock: A stock represents a share of ownership in a company, giving the holder a claim to a portion of the company's assets and earnings.

Differentiate between the options: A bond is a debt instrument, not ownership. A liability is an obligation, and a dividend is a distribution of profits, neither of which represent ownership.

Identify the correct term: Based on the definitions, the term that represents ownership in a company is 'stock'.

Confirm the answer: The correct answer to the question is 'stock', as it aligns with the concept of ownership in a company.