When comparing annuity due to ordinary annuities, annuity due annuities will have higher

A) present values.
B) annuity payments.
C) future values.
D) both A and C.
E) all of the above.


Answer: D

Business

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Indicate whether the statement is true or false

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A) Retained earnings must be closed each accounting period. B) A post-closing trial balance should include only permanent accounts. C) The work sheet can be substituted for preparing financial statements. D) By using a work sheet to prepare adjusting entries you need not post these entries to the ledger accounts. E) Closing entries are only necessary if errors have been made.

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Answer the following statement true (T) or false (F)

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