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Author Question: Explain the concept of an accounting identity. What will be an ideal ... (Read 2767 times)

james0929

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

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

Answer to Question 2

B


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