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

4. Merchandising Operations

Net Sales

Financial Accounting

4. Merchandising Operations

Net Sales

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

A house is an asset that typically will ________ value over time.

decrease in

increase in

lose all

remain the same in

Previous problemNext problem

Verified step by step guidance

Understand the concept of an asset: In financial accounting, an asset is something of value owned by an individual or entity that is expected to provide future economic benefits.

Consider the nature of a house as an asset: Houses are typically considered long-term assets and are subject to market conditions, location, and demand, which influence their value over time.

Evaluate the typical behavior of house value: Historically, houses tend to appreciate (increase in value) over time due to factors such as inflation, improvements, and growing demand in desirable areas.

Analyze the options provided: 'Decrease in value,' 'increase in value,' 'lose all value,' and 'remain the same in value.' Based on the nature of houses as assets, the most accurate choice is 'increase in value.'

Conclude the reasoning: Houses are generally expected to increase in value over time, making them a common investment choice for individuals seeking long-term financial growth.