The crump companies, inc. has ownership interests in several public companies. at the beginning of 2021, the company’s ownership interest in the common stock of silken properties increased to the point that it became appropriate to begin using the equity method of accounting for the investment. the balance in the investment in equity securities account was $31 million at the time of the change. accountants working with company records determined that the balance in an investment in equity affiliate account would have been $48 million if the equity method had been used previously.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

u = 30

continuing your method

= +

subtract from both sides

= - thus

= -

= ⇒ u = 30

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