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

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

All of the following are types of direct participation programs (DPPs) except:

Common stock investments

Equipment leasing programs

Real estate partnerships

Oil and gas programs

Previous problemNext problem

Verified step by step guidance

Understand the concept of Direct Participation Programs (DPPs): DPPs are investment vehicles that allow investors to directly participate in the cash flow and tax benefits of the underlying business. Common types include real estate partnerships, oil and gas programs, and equipment leasing programs.

Identify the characteristics of DPPs: DPPs typically involve limited partnerships or other pass-through entities where income, deductions, and tax benefits are passed directly to the investors.

Analyze the options provided: Common stock investments are not considered DPPs because they do not involve direct participation in the underlying business's cash flow or tax benefits. Instead, they represent ownership in a corporation.

Compare the remaining options: Equipment leasing programs, real estate partnerships, and oil and gas programs are all examples of DPPs because they allow investors to directly participate in specific business ventures.

Conclude that the correct answer is 'Common stock investments,' as it does not fit the definition or characteristics of a Direct Participation Program.