FASB financial accounting concepts on using estimated future cash flow information in accounting measurements to value various assets and liabilities identified each of the following elements except
A. an estimate of the future cash flows and the timing of those cash flows.
B. an increase in the interest for any expected risk.
C. estimates about variations in the amount or timing of those cash flows.
D. that estimated cash flows should reflect a single most likely minimum or maximum possible amount, rather than a range of possible cash flows.
Answer: D
You might also like to view...
Which developmental period has been proposed between adolescence and adulthood?
A. senescence B. emerging adulthood C. exploratory maturation D. extended adolescence
You need a loan of $100,000 to buy a condo. Calculate your monthly payments and total closing costs for each choice.Choice 1: 30-year fixed rate at 4.25% with closing costs of $1261 and 1 pointsChoice 2: 20-year fixed rate at 3.75% with closing costs of $1261 and 3 points
A. Choice 1: $497.36; $2261 Choice 2: $602.49; $4261 B. Choice 1: $491.94; $2261 Choice 2: $592.89; $4261 C. Choice 1: $481.74; $2261 Choice 2: $542.26; $1261 D. Choice 1: $501.43; $3061 Choice 2: $463.16; $5061
Find the exact value of the expression.
A. -
B. - 
C. - 
D. -2
Determine whether the spending pattern described is at, above, or below the national average. Assume that any salaries or wages are after tax. 
A single 31-year old woman with a monthly salary of $3100 spends $560 on food.
A. below average B. at average C. above average