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

The federal government has insured ___ loans since they were created as part of a New Deal program.

FHA

USDA

Conventional

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Verified step by step guidance

Step 1: Understand the context of the question. The problem is asking about a specific type of loan insured by the federal government, which was created as part of a New Deal program.

Step 2: Recall the historical background of the New Deal. The New Deal was a series of programs and reforms initiated in the 1930s to address the Great Depression. One of its goals was to provide affordable housing and support for homeownership.

Step 3: Identify the types of loans mentioned in the options: VA (Veterans Affairs loans), FHA (Federal Housing Administration loans), USDA (United States Department of Agriculture loans), and Conventional loans. Each of these has distinct characteristics and purposes.

Step 4: Focus on FHA loans. The Federal Housing Administration was established during the New Deal era to insure mortgages and make homeownership more accessible, particularly for low- and moderate-income families.

Step 5: Conclude that FHA loans are the correct answer based on their historical connection to the New Deal program and their role in federal mortgage insurance.