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

A table that is in 2NF and contains no transitive dependencies is said to be in which normal form?

Fourth Normal Form (4NF)

First Normal Form (1NF)

Boyce-Codd Normal Form (BCNF)

Third Normal Form (3NF)

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Verified step by step guidance

Understand the concept of Normal Forms in database normalization, which is a process used to organize data in a database to reduce redundancy and improve data integrity.

Recall that Second Normal Form (2NF) requires a table to be in First Normal Form (1NF) and have no partial dependency, meaning all non-key attributes must depend on the entire primary key.

Learn that Third Normal Form (3NF) builds upon 2NF by eliminating transitive dependencies, which occur when a non-key attribute depends on another non-key attribute rather than directly on the primary key.

Recognize that a table in 2NF with no transitive dependencies satisfies the criteria for Third Normal Form (3NF).

Conclude that the correct answer to the problem is Third Normal Form (3NF), as it is the next level of normalization after 2NF when transitive dependencies are removed.