Which of the following statements is CORRECT?
A. Time lines cannot be constructed where some of the payments constitute an annuity but others are unequal and thus are not part of the annuity.
B. A time line is not meaningful unless all cash flows occur annually.
C. Time lines are not useful for visualizing complex problems prior to doing actual calculations.
D. Time lines can be constructed to deal with situations where some of the cash flows occur annually but others occur quarterly.
E. Time lines can only be constructed for annuities where the payments occur at the end of the periods, i.e., for ordinary annuities.
Answer: D
You might also like to view...
A difference between estimated and actual warranty expense is considered an error and would be reported as a prior-period adjustment
Indicate whether the statement is true or false
Based on Desiree's testimony, John was convicted for murder and sentenced to
life imprisonment. As he left the court for jail, John saw Desiree and shouted out "Lady, I am going to hurt you real bad". On hearing this, Desiree went into nervous shock and fainted. Which of the following statements is TRUE? John has A) committed the tort of battery B) committed the tort of assault C) committed the tort of nuisance D) committed the tort of injurious falsehood E) not committed any tort
Jackie learned of insider trading information while talking to Mark, a director of a large corporation. She took advantage of the information to buy stock and make a huge financial gain. If she is accused of violating securities law, what must the government prove in order to gain a conviction against Jackie?
Generally accepted accounting principles (GAAP) require finance statements prepared on a cash
basis because these statements are most useful for investors and managers. Indicate whether the statement is true or false