Below are excerpts from time value of money tables

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21. Below are excerpts from time value of money tables for the 8% rate. 22. An investment product promises to pay $42,000 at the end of 10 years. If an investor feels this
investment should produce a rate of return of 12%, compounded annually, what's the most the investor should be willing to pay for the investment? 23. Spielberg Inc. signed a $200,000 noninterest-bearing note due in five years from a production
company eager to do business. Comparable borrowings have carried an 11% interest rate. What is the value of this debt at its inception? 24. A series of equal periodic payments in which the first payment is made one compounding
period after the date of the contract is:
25. If the direct method is used to report cash flows from operating activities in the body of the statement of cash flows, a reconciliation of net income to net cash flows from operating
activities also is required. 26. All of the following may qualify as cash equivalents except :
27. Cash equivalents generally would not include short-term investments in:
28. A firm reported salary expense of $239,000 for the current year. The beginning and ending
balances in salaries payable were $40,000 and $15,000, respectively. What was the amount of cash paid for salaries? 29. Which of the following is always reported as an outflow of cash?
30. Payments to acquire bonds of other corporations should be classified on a statement of cash
flows as:
31. Pastina Company manufactures and sells various types of pasta to grocery chains as private label brands. The company’s fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2013, appears below.
32.

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