Author Question: Explain the concept of an accounting identity. What will be an ideal ... (Read 2784 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
Explain the concept of an accounting identity.
 
  What will be an ideal response?

Question 2

The market price of existing bonds is ________ to the rate of interest prevailing in the economy.
 
  A) directly related B) inversely related C) synonymous D) totally unrelated



shaquita

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

Two variables are related by an accounting identity when the two variables are mathematically identical.

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

For a complete list of videos, visit our video library