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

7. Receivables and Investments

Introduction to Investments in Securities

Financial Accounting

7. Receivables and Investments

Introduction to Investments in Securities

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Multiple Choice

Which of the following lists the correct order of entities that benefit when banks make a profit?

Government (via taxes), employees, shareholders

Customers, employees, government (via taxes)

Employees, government (via taxes), shareholders

Shareholders, government (via taxes), employees

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Verified step by step guidance

Understand the question: The problem is asking for the correct order of entities that benefit when banks make a profit. This involves understanding the flow of benefits from a financial perspective.

Step 1: Recall the hierarchy of financial benefits. Shareholders are the owners of the bank and are the primary beneficiaries of profits through dividends or retained earnings. Therefore, they are first in line.

Step 2: Next, consider the government. The government benefits through taxes on the bank's profits. This occurs after the shareholders' benefits are accounted for.

Step 3: Finally, employees benefit through salaries, bonuses, and other compensation, which are typically determined after the bank's profits and tax obligations are calculated.

Step 4: Based on this reasoning, the correct order of entities that benefit when banks make a profit is: Shareholders, government (via taxes), employees.