×
Log in to StudySoup
Get Full Access to Business - Textbook Survival Guide
Join StudySoup for FREE
Get Full Access to Business - Textbook Survival Guide

Already have an account? Login here
×
Reset your password

Solutions for Chapter 4: Income Statement and Related Information

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

Solutions for Chapter 4: Income Statement and Related Information

Solutions for Chapter 4
4 5 0 338 Reviews
21
3
Textbook: Intermediate Accounting
Edition: 15
Author: Donald E. Kieso
ISBN: 9781118147290

Summary of Chapter 4: Income Statement and Related Information

Intermediate Accounting was written by and is associated to the ISBN: 9781118147290. This expansive textbook survival guide covers the following chapters and their solutions. Since 37 problems in chapter 4: Income Statement and Related Information have been answered, more than 39187 students have viewed full step-by-step solutions from this chapter. This textbook survival guide was created for the textbook: Intermediate Accounting, edition: 15. Chapter 4: Income Statement and Related Information includes 37 full step-by-step solutions.

Key Business Terms and definitions covered in this textbook
  • absolute advantage

    the ability to produce a good using fewer inputs than another producer

  • automatic stabilizers

    changes in fiscal policy that stimulate aggregate demand when the economy goes into a recession without policymakers having to take any deliberate action

  • average total cost

    total cost divided by the quantity of output

  • bank capital

    the resources a bank’s owners have put into the institution

  • collusion

    an agreement among firms in a market about quantities to produce or prices to charge

  • compensating differential

    a difference in wages that arises to offset the nonmonetary characteristics of different jobs

  • cost–benefit analysis

    a study that compares the costs and benefits to society of providing a public good

  • federal funds rate

    the interest rate at which banks make overnight loans to one another

  • game theory

    the study of how people behave in strategic situations

  • law of supply

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

  • marginal rate of substitution

    the rate at which a consumer is willing to trade one good for another

  • marginal revenue

    the change in total revenue from an additional unit sold

  • moral hazard

    the tendency of a person who is imperfectly monitored to engage in dishonest or otherwise undesirable behavior

  • normative statements

    claims that attempt to prescribe how the world should be

  • price discrimination

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

  • public goods

    goods that are neither excludable nor rival in consumption

  • rivalry in consumption

    the property of a good whereby one person’s use diminishes other people’s use

  • scarcity

    the limited nature of society’s resources

  • trade deficit

    an excess of imports over exports

  • variable costs

    costs that vary with the quantity of output produced