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

Which of the following represents the largest number of common shares?

Issued shares

Treasury shares

Authorized shares

Outstanding shares

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Verified step by step guidance

Understand the definitions of the terms: Authorized shares, Issued shares, Treasury shares, and Outstanding shares. Authorized shares are the maximum number of shares a company is legally allowed to issue as stated in its corporate charter.

Issued shares refer to the number of shares that have been sold to shareholders, including both Treasury shares and Outstanding shares.

Treasury shares are shares that were issued but later repurchased by the company and are not currently outstanding.

Outstanding shares are the shares currently held by shareholders, excluding Treasury shares.

Compare the definitions: Authorized shares represent the largest number because they include all shares a company is allowed to issue, regardless of whether they have been issued or are held as Treasury shares.