Time Value of Money Quiz
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Questions and Answers

Understanding the concept of Time Value of Money is important in ______

Finance

The accounting equation shows how the assets of a business are equal to the ______ and equity of a business

liabilities

Time value of money information is useful for a business as part of the ______ process

budgeting

The balance sheet demonstrates the accounting equation, therefore shows how the assets of a business are equal to the liabilities and ______ of a business

<p>equity</p> Signup and view all the answers

Knowledge of the accounting equation leads us to understand the basic financial statements that are prepared to communicate the financial performance and the financial position of a ______

<p>business</p> Signup and view all the answers

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