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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 best describes the capital resources Teasha needed to open her business?

Cash, equipment, and buildings used to operate the business

Employees and management staff

Patents and trademarks

Advertising and marketing strategies

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Verified step by step guidance

Understand the concept of capital resources: Capital resources refer to physical assets used in the production of goods and services, such as cash, equipment, and buildings.

Analyze the options provided: Review each option to determine which aligns with the definition of capital resources.

Option 1: Cash, equipment, and buildings used to operate the business. These are tangible assets directly involved in business operations, fitting the definition of capital resources.

Option 2: Employees and management staff. These are human resources, not capital resources, as they represent labor rather than physical assets.

Option 3: Patents and trademarks, and Option 4: Advertising and marketing strategies. These are intangible assets and strategies, not physical assets, so they do not qualify as capital resources.