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Intermediate Accounting 15th Edition - Solutions by Chapter

Intermediate Accounting | 15th Edition | ISBN: 9781118147290 | Authors: Donald E. Kieso

Full solutions for Intermediate Accounting | 15th Edition

ISBN: 9781118147290

Intermediate Accounting | 15th Edition | ISBN: 9781118147290 | Authors: Donald E. Kieso

Intermediate Accounting | 15th Edition - Solutions by Chapter

The full step-by-step solution to problem in Intermediate Accounting were answered by Sieva Kozinsky, our top Business solution expert on 11/23/17, 05:08AM. Since problems from 24 chapters in Intermediate Accounting have been answered, more than 1949 students have viewed full step-by-step answer. Intermediate Accounting was written by Sieva Kozinsky and is associated to the ISBN: 9781118147290. This expansive textbook survival guide covers the following chapters: 24. This textbook survival guide was created for the textbook: Intermediate Accounting, edition: 15.

Key Business Terms and definitions covered in this textbook
  • aggregate-demand curve

    a curve that shows the quantity of goods and services that households, firms, the government, and customers abroad want to buy at each price level

  • Arrow’s impossibility theorem

    a mathematical result showing that, under certain assumed conditions, there is no scheme for aggregating individual preferences into a valid set of social preferences

  • average total cost

    total cost divided by the quantity of output

  • benefits principle

    the idea that people should pay taxes based on the benefits they receive from government services

  • budget deficit

    a shortfall of tax revenue from government spending

  • budget surplus

    an excess of government receipts over government spending

  • demand curve

    a graph of the relationship between the price of a good and the quantity demanded

  • demand schedule

    a table that shows the relationship between the price of a good and the quantity demanded

  • equality

    the property of distributing economic prosperity uniformly among the members of society

  • equilibrium quantity

    the quantity supplied and the quantity demanded at the equilibrium price

  • Fisher effect

    the one-for-one adjustment of the nominal interest rate to the inflation rate

  • marginal cost

    the increase in total cost that arises from an extra unit of production

  • median voter theorem

    a mathematical result showing that if voters are choosing a point along a line and each voter wants the point closest to his most preferred point, then majority rule will pick the most preferred point of the median voter

  • natural rate of unemployment

    the normal rate of unemployment around which the unemployment rate fluctuates

  • permanent income

    a person’s normal income

  • poverty line

    an absolute level of income set by the federal government for each family size below which a family is deemed to be in poverty

  • price discrimination

    the business practice of selling the same good at different prices to different customers

  • rational people

    people who systematically and purposefully do the best they can to achieve their objectives

  • signaling

    an action taken by an informed party to reveal private information to an uninformed party

  • Tragedy of the Commons

    a parable that illustrates why common resources are used more than is desirable from the standpoint of society as a whole

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