What Are the Accounting Basics for Equity Securities,including Acquisition,dividends Earned,and

question 173

Essay

What are the accounting basics for equity securities,including acquisition,dividends earned,and disposition?

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Definitions:

Externalities

Economic side effects or by-products that affect an uninvolved third party; can be either positive or negative.

Public Goods

Items that are non-excludable and non-rivalrous, meaning they can be enjoyed by everyone, regardless of whether they contribute to their provision.

Protective Function

Activities carried out by the government to safeguard the economy and its agents, such as regulation and enforcement.