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

Which of the following is an example of a tangible cost?

Depreciation expense on machinery

Opportunity cost of capital

Lost sales due to poor reputation

Employee morale decline

Previous problemNext problem

Verified step by step guidance

Step 1: Understand the concept of tangible costs. Tangible costs are measurable and directly related to physical assets or expenses that can be quantified in monetary terms. Examples include costs like depreciation, rent, or material expenses.

Step 2: Analyze the options provided in the problem. The goal is to identify which option represents a tangible cost. Tangible costs are typically associated with physical assets or measurable financial expenses.

Step 3: Evaluate 'Depreciation expense on machinery.' Depreciation is a tangible cost because it represents the allocation of the cost of a physical asset (machinery) over its useful life. This is a measurable financial expense tied to a physical asset.

Step 4: Consider the other options: 'Opportunity cost of capital,' 'Lost sales due to poor reputation,' and 'Employee morale decline.' These are intangible costs because they are not directly tied to physical assets and are harder to quantify in monetary terms.

Step 5: Conclude that 'Depreciation expense on machinery' is the correct example of a tangible cost, as it is directly tied to a physical asset and can be measured in monetary terms.