Question
The current worth of a sum of money to be received at a future date is called: a. Real value b.Future value c.Present value d.Salvage
The current worth of a sum of money to be received at a future date is called:
a. Real value
b.Future value
c.Present value
d.Salvage value
The process of selling accounts receivable or debtors of a client:
a.Trade credit
b.Credit factoring
c.Debt Factoring
d.Commercial paper
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Financial Accounting An International Introduction
Authors: David Alexander, Christopher Nobe
6th Edition
1292102993, 978-1292102993
