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If an organization has an obligation to pay $5,000 to a supplier two years from now, the present value of the obligation: a. is less
If an organization has an obligation to pay $5,000 to a supplier two years from now, the present value of the obligation: a. is less than $5,000. b. is $5,000. c. is more than $5,000. d. could be calculated using an annuity factor from the present value tables
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
