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 are included in a firm's capital structure?

Inventory and prepaid expenses

Revenue and cost of goods sold

Accounts receivable and cash

Long-term debt and equity

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Verified step by step guidance

Understand the concept of capital structure: Capital structure refers to the mix of debt and equity financing that a firm uses to fund its operations and growth. It typically includes long-term debt and equity, such as common stock, preferred stock, and retained earnings.

Analyze why inventory and prepaid expenses are not part of the capital structure: These are classified as current assets on the balance sheet and are related to the firm's operational activities rather than its financing structure.

Evaluate why revenue and cost of goods sold are excluded: Revenue and cost of goods sold are components of the income statement and represent the firm's operational performance, not its financing mix.

Consider why accounts receivable and cash are not included: These are also current assets and represent liquidity and operational resources, not the firm's long-term financing strategy.

Identify the correct components of capital structure: Long-term debt and equity are included because they represent the firm's financing sources used to support its operations and investments over the long term.