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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 3104 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
  • accounting profit

    total revenue minus total explicit cost

  • compounding

    the accumulation of a sum of money in, say, a bank account, where the interest earned remains in the account to earn additional interest in the future

  • cost

    the value of everything a seller must give up to produce a good

  • dominant strategy

    a strategy that is best for a player in a game regardless of the strategies chosen by the other players

  • Giffen good

    a good for which an increase in the price raises the quantity demanded

  • imports

    goods produced abroad and sold domestically

  • in-kind transfers

    transfers to the poor given in the form of goods and services rather than cash

  • incentive

    something that induces a person to act

  • job search

    the process by which workers find appropriate jobs given their tastes and skills

  • law of demand

    the claim that, other things being equal, the quantity demanded of a good falls when the price of the good rises

  • market failure

    a situation in which a market left on its own fails to allocate resources efficiently

  • monetary policy

    the setting of the money supply by policymakers in the central bank

  • normal good

    a good for which, other things being equal, an increase in income leads to an increase in demand

  • permanent income

    a person’s normal income

  • positive statements

    claims that attempt to describe the world as it is

  • private saving

    the income that households have left after paying for taxes and consumption

  • production function

    the relationship between quantity of inputs used to make a good and the quantity of output of that good

  • progressive tax

    a tax for which highincome taxpayers pay a larger fraction of their income than do low-income taxpayers

  • union

    a worker association that bargains with employers over wages, benefits, and working conditions

  • vertical equity

    the idea that taxpayers with a greater ability to pay taxes should pay larger amounts

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