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

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

What does your credit score primarily indicate to lenders?

Your likelihood of repaying borrowed money on time

Your total annual income

The amount of money you currently have in your savings account

Your employment history

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Verified step by step guidance

Understand the concept of a credit score: A credit score is a numerical representation of an individual's creditworthiness, based on their credit history and financial behavior.

Recognize the primary purpose of a credit score: Lenders use credit scores to assess the likelihood that a borrower will repay borrowed money on time.

Eliminate irrelevant options: Total annual income, savings account balance, and employment history are not directly indicated by a credit score. These factors may be considered separately by lenders but are not the primary focus of the credit score.

Focus on repayment behavior: A credit score is primarily derived from factors such as payment history, amounts owed, length of credit history, types of credit used, and new credit inquiries.

Conclude that the correct answer is the likelihood of repaying borrowed money on time, as this is the primary indicator provided by a credit score to lenders.