Which of the Following Statements Is TRUE

question 83

Multiple Choice

Which of the following statements is TRUE?

• A) It is important to adjust for the differences in the timing of benefits and costs.
• B) A dollar received today is worth more than a dollar received in the future,assuming a positive interest rate.
• C) Many fund transfers occur over long periods of time and the time frame needs to be adjusted for.
• D) All of the above statements are true.
• E) Only (a)and (b)are true

---

Definitions:

Transactions

Financial activities involving the exchange of assets, services, or financial instruments between parties.

Transactions

The financial events that affect the financial statements of a business, involving transfers or exchanges of value between two parties.

Current Ratio

An indicator of a business's capacity to meet its obligations due in the next twelve months.

Calculated

Determined by mathematical methods; involving the process of using mathematical or logical techniques to derive a result.