ch06 - CHAPTER 6 ACCOUNTING AND THE TIME VALUE OF MONEY...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 6 ACCOUNTING AND THE TIME VALUE OF MONEY IFRS questions are available at the end of this chapter. TRUE-FALSE —Conceptual Answer No. Description F 1. Time value of money. T 2. Definition of interest expense. F 3. Simple interest. T 4. Compound interest. T 5. Compound interest. F 6. Future value of an ordinary annuity. F 7. Present value of an annuity due. T 8. Compounding period interest rate. T 9. Definition of present value. T 10. Future value of a single sum. F 11. Determining present value. F 12. Present value of a single sum. F 13. Annuity due and interest. T 14. Annuity due and ordinary annuity. T 15. Annuity due and ordinary annuity. T 16. Number of compounding periods. F 17. Future value of an annuity due factor. T 18. Present value of an ordinary annuity. F 19. Future value of a deferred annuity. T 20. Determining present value of bonds. MULTIPLE CHOICE —Conceptual Answer No. Description a 21. Appropriate use of an annuity due table. d 22. Time value of money. b 23. Present value situations. a 24. Definition of interest. c 25. Interest variables. d 26. Identification of compounding approach. b 27. Future value factor. b 28. Understanding compound interest tables. a 29. Identification of correct compound interest table. d 30. Identification of correct compound interest table. c 31. Identification of correct compound interest table. c 32. Identification of correct compound interest table. b 33. Identification of correct compound interest table. c 34. Identification of present value of 1 table. c S 35. Identification of correct compound interest table. a S 36. Identification of correct compound interest table.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Test Bank for Intermediate Accounting, Thirteenth Edition MULTIPLE CHOICE —Conceptual (cont.) Answer No. Description a S 37. Present value of an annuity due table. c P 38. Definition of an annuity due. a P 39. Identification of compound interest concept. d P 40. Identification of compound interest concept. d 41. Identification of number of compounding periods. a 42. Adjust the interest rate for time periods. d 43. Definition of present value. c P 44. Compound interest concepts. a 45. Difference between ordinary annuity and annuity due. c 46. Future value of 1 and present value of 1 relationship. b 47. Identify future value of 1 concept. d 48. Determine best bonus option d 49. Identify future value of an ordinary annuity b 50. Identify future value of an ordinary annuity c P 51. Future value of an annuity due factor. c 52. Determine the timing of rents of an annuity due. b 53. Factors of an ordinary annuity and an annuity due. c 54. Determine present value of an ordinary annuity. b 55. Identification of a future value of an ordinary annuity of 1. b
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/31/2010 for the course ACCT ACCT371 taught by Professor Mark during the Spring '10 term at George Fox.

Page1 / 44

ch06 - CHAPTER 6 ACCOUNTING AND THE TIME VALUE OF MONEY...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online