ACCT 202 Chapter Notes - Chapter 9: Fashion Center, Equity Method, Financial Statement
Document Summary
A fashion center, or fashion city, is a city where fashion is produced and sold. Fashion centers throughout history have contributed to the solidification of fashion as a cultural and economic element of society, especially in western cultures where fashion follows urban life. Prominence in the fashion industry adds to the cultural cache of a city. Cities use their fashion reputations to promote tourism, and traditional art institutions, like museums and galleries, have accepted fashion as an art form expressing the overall creativity of a city. Fashion centers are a place where raw materials, producers, and buyers congregate in an independent way to promote and advance the consumption of fashion goods and its interrelated businesses. Accounting for securities that are to be held-to-maturity . Top four fashion centers of the world. New york: new york fashion center; at the heart is seventh avenue or. Special accounting for certain investments that require use of equity method .
