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

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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Multiple Choice

A company's values or core values concern:

The fundamental beliefs and guiding principles that influence its behavior and decision-making.

The specific products or services it offers to customers.

The legal structure under which it operates, such as corporation or partnership.

The financial performance targets set for each fiscal year.

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Verified step by step guidance

Step 1: Understand the concept of 'core values' in a company. Core values are the fundamental beliefs and guiding principles that shape the company's culture, behavior, and decision-making processes.

Step 2: Analyze the options provided in the problem. The correct answer should align with the definition of core values, which are not directly related to products, legal structure, or financial performance targets.

Step 3: Eliminate options that do not match the definition of core values. For example, 'specific products or services' and 'financial performance targets' are operational or strategic aspects, not fundamental beliefs.

Step 4: Consider the option 'legal structure under which it operates.' While important, this is a structural aspect of the company and does not reflect its guiding principles or beliefs.

Step 5: Conclude that the correct answer is 'The fundamental beliefs and guiding principles that influence its behavior and decision-making,' as this aligns with the definition of core values.