Ifrs cpa exam 2 questions Study guides, Class notes & Summaries
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FIN 311- ACCOUNTING AND THE TIME VALUE OF MONEY EXAM 2022.
- Exam (elaborations) • 47 pages • 2022
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FIN 311- ACCOUNTING AND THE TIME VALUE OF MONEY EXAM 2022. 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 pres...
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FIN 311 -ACCOUNTING AND TIME VALUE OF MONEY (CHAPTER 6) EXAM 2022.
- Exam (elaborations) • 47 pages • 2022
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FIN 311 -ACCOUNTING AND TIME VALUE OF MONEY (CHAPTER 6) EXAM 2022. 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 valu...
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