The present value and future value concepts are applied to measure the amount of several accounts common in accounting. What are some accounts that are valued in this manner?
Loan payable and bond payable accounts are recorded at present value amounts. Other accounts based on present value concepts are pensions, leases, and some long-term receivables. The future value concept is used to determine the amount that would be accumulated in an investment account at a date in the future.
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Which of the following is the largest and most powerful peak association in the United States?
A. The National Federation of Independent Businesses B. The National Association of Manufacturers C. The U.S. Chamber of Commerce D. The Business Roundtable
Under the Uniform Commercial Code (UCC), one of the remedies for the seller resulting from the buyer's breach includes the right to ________
A) recover the purchase price if the seller is unable to sell or dispose of goods B) revoke an acceptance of goods under certain circumstances C) recover damages after cancellation of the contract D) obtain specific performance when the goods are unique or remedy at law is inadequate