Question: Can you please solve questions 2 and 4 with explaining. Thanks V2 Two retail businesses, A and B, run a similar trade from similar shops

Can you please solve questions 2 and 4 with explaining. Thanks

V2 Two retail businesses, A and B, run a similar trade from similar shops in similar areas. A bought its shop in 1950 for 5,000 and B bought its shop in 1990 for 105,000. Both businesses consistently prepare their accounts on historical cost principles and they have identical operating profits. To what extent do the resulting accounts give a true (and fair) representation of the relative performance of the two businesses? It is never possible to define capital or income, only to define capital and income. Do you agree? 4 (a) Outline Fisher's thinking on the concept of income. (b) Outline Hicks's thinking on this topic. (c) Relate and compare the two

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