Table of contents

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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

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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Multiple Choice

The form of business ownership best suited to raising large amounts of money for expansion is the:

partnership

corporation

limited liability company (LLC)

sole proprietorship

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Understand the characteristics of each type of business ownership: partnership, corporation, limited liability company (LLC), and sole proprietorship.

Recognize that raising large amounts of money typically requires access to capital markets, such as issuing stocks or bonds, which is a feature unique to corporations.

Note that partnerships and sole proprietorships are generally limited in their ability to raise large funds because they rely on personal contributions or loans.

Understand that LLCs provide limited liability protection but do not have the same ability to issue shares to the public as corporations do.

Conclude that the corporation is the form of business ownership best suited for raising large amounts of money for expansion due to its ability to issue stocks and bonds to investors.