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Solutions for Chapter 14: Long-Term Liabilities

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 14: Long-Term Liabilities

Solutions for Chapter 14
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Textbook: Intermediate Accounting
Edition: 15
Author: Donald E. Kieso
ISBN: 9781118147290

Summary of Chapter 14: Long-Term Liabilities

This expansive textbook survival guide covers the following chapters and their solutions. Chapter 14: Long-Term Liabilities includes 30 full step-by-step solutions. This textbook survival guide was created for the textbook: Intermediate Accounting, edition: 15. Since 30 problems in chapter 14: Long-Term Liabilities have been answered, more than 39280 students have viewed full step-by-step solutions from this chapter. Intermediate Accounting was written by and is associated to the ISBN: 9781118147290.

Key Business Terms and definitions covered in this textbook
  • accounting profit

    total revenue minus total explicit cost

  • appreciation

    an increase in the value of a currency as measured by the amount of foreign currency it can buy

  • budget deficit

    a shortfall of tax revenue from government spending

  • capital requirement

    a government regulation specifying a minimum amount of bank capital

  • circular-flow diagram

    a visual model of the economy that shows how dollars flow through markets among households and firms

  • cost–benefit analysis

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

  • cross-price elasticity of demand

    a measure of how much the quantity demanded of one good responds to a change in the price of another good, computed as the percentage change in quantity demanded of the first good divided by the percentage change in price of the second good

  • cross-price elasticity of demand

    a measure of how much the quantity demanded of one good responds to a change in the price of another good, computed as the percentage change in quantity demanded of the first good divided by the percentage change in price of the second good

  • depression

    a severe recession

  • efficiency wages

    above-equilibrium wages paid by firms to increase worker productivity

  • efficient scale

    the quantity of output that minimizes average total cost

  • incentive

    something that induces a person to act

  • inferior good

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

  • life cycle

    the regular pattern of income variation over a person’s life

  • marginal change

    a small incremental adjustment to a plan of action

  • 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

  • money

    the set of assets in an economy that people regularly use to buy goods and services from other peopl

  • monopoly

    a firm that is the sole seller of a product without close substitutes

  • principal

    a person for whom another person, called the agent, is performing some act

  • theory of liquidity preference

    Keynes’s theory that the interest rate adjusts to bring money supply and money demand into balance