Question 1

Which of the following situations does not use an accounting measure based on present values?

Accepted Answer

A)  Pensions 
B)  Prepaid insurance 
C)  Leases 
D)  Sinking funds 
A)  Pensions 
B)  Prepaid insurance 
C)  Leases 
D)  Sinking funds

Question 2

Which table would you use to determine how much must be deposited now in order to provide for 5 annual withdrawals at the beginning of each year, starting one year hence?

Accepted Answer

A)  Future value of an ordinary annuity of 1 
B)  Future value of an annuity due of 1 
C)  Present value of an annuity due of 1 
D)  None of these answer choices are correct. 
A)  Future value of an ordinary annuity of 1 
B)  Future value of an annuity due of 1 
C)  Present value of an annuity due of 1 
D)  None of these answer choices are correct.

Which of the following situations does not use an accounting measure based on present values?

Which table would you use to determine how much must be deposited now in order to provide for 5 annual withdrawals at the beginning of each year, starting one year hence?

Financial Reporting and Accounting Standards

Conceptual Framework for Financial Reporting

The Accounting Information System

Income Statement and Related Information

Statement of Financial Position and Statement of Cash Flows

Cash and Receivables

Valuation of Inventories: a Cost-Basis Approach

Inventories: Additional Valuation Issues

Acquisition and Disposition of Property, Plant, and Equipment

Depreciation, Impairments, and Depletion

Intangible Assets

Filters

Exam 6: Accounting and the Time Value of Money

Which of the following situations does not use an accounting measure based on present values?

Which table would you use to determine how much must be deposited now in order to provide for 5 annual withdrawals at the beginning of each year, starting one year hence?

Financial Reporting and Accounting Standards

Conceptual Framework for Financial Reporting

The Accounting Information System

Income Statement and Related Information

Statement of Financial Position and Statement of Cash Flows

Cash and Receivables

Valuation of Inventories: a Cost-Basis Approach

Inventories: Additional Valuation Issues

Acquisition and Disposition of Property, Plant, and Equipment

Depreciation, Impairments, and Depletion

Intangible Assets

Filters