Match each of the following terms related to interest and time value of money calculations to their appropriate definition. Clear All Time value of money The present amount that is equivalent to an amount at a future time. Simple interest The concept that indicates that people should prefer to receive an immediate amount at the present time over an equal amount in the future. Present value of a single amount A series of payments of equal amount. Annuity Interest that is earned or paid on the principal amount only. From the following list, identify whether the change in the account balance during the year would be reported as an operating (0) or a financing (F) cash flow. Assume that the indirect method is used to determine the cash flows from operating activities. Clear All Taxes payable 0 - Operating cash flow Salaries and wages payable F - Financing cash flow Other accrued liabilities Notes payable Match each of the following terms pertaining to liabilities to their definitions. Clear All Current liability The portion of a long-term liability that will be paid within one year of the balance sheet date. Accounts payable Accounts that will be satisfied within one year or the next operating cycle. Current maturities of long- term liabilities A liability that has been incurred but has not been paid as of the balance sheet date. Accrued liabilities Amounts owed for the purchase of inventory, goods, or services acquired in the normal course of business