Use the Figure for the Question(s) Below

question 78

Multiple Choice

Use the figure for the question(s) below.

-Which of the following statements regarding the timeline is FALSE?

• A)Date 1 is the end of the first year.
• B)Date 0 is the beginning of the first year.
• C)The space between date 0 and date 1 represents the time period between two specific dates.
• D)You will find the timeline most useful in tracking cash flows if you interpret each point on the timeline as a period or interval of time.

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