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

In financial accounting, what term do investors commonly use to refer to the shares they own in a corporation?

Assets

Equity

Revenue

Liabilities

Previous problemNext problem

Verified step by step guidance

Understand the context of the question: Investors commonly refer to the shares they own in a corporation using a specific financial accounting term.

Review the options provided: Assets, Equity, Revenue, and Liabilities.

Define each term: Assets are resources owned by a company, Equity represents ownership interest in the company, Revenue is income earned from operations, and Liabilities are obligations owed by the company.

Focus on the term 'Equity': In financial accounting, Equity specifically refers to the ownership interest in a corporation, which aligns with the concept of shares owned by investors.

Conclude that the correct term investors use to refer to their shares in a corporation is 'Equity', as it represents their ownership stake in the company.