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

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Multiple Choice

Part A of a homeowner insurance policy will cover damages to which of the following assets?

Personal liability for injuries to others

Additional living expenses if the home is uninhabitable

Personal property inside the home

The physical structure of the home (dwelling)

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Verified step by step guidance

Understand the scope of Part A of a homeowner insurance policy, which typically covers damages to the physical structure of the home (dwelling).

Review the other options provided in the question to ensure clarity on what Part A does not cover. For example, personal liability for injuries to others, additional living expenses, and personal property inside the home are typically covered under other parts of the policy, not Part A.

Recognize that Part A is specifically designed to protect the homeowner against damages to the physical structure of the home, including walls, roof, and foundation.

Consider scenarios where Part A coverage would apply, such as damages caused by fire, storms, or vandalism to the dwelling itself.

Ensure that the distinction between Part A and other parts of the policy is clear, as this helps in understanding the comprehensive nature of homeowner insurance policies.