E-PolyLearning

31. A schedule which shows the interest constitutes reduced principal and unpaid balance is considered as
a. repaid schedule
b. depreciated schedule
c. amortization schedule
d. appreciated schedule
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Answer: (c).amortization schedule

32. The net income is $2250 and the noncash charges are $1150 then the net cash flow would be
a. 1100
b. 3400
c. 2200
d. 3500
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Answer: (a).1100

33. The lottery payoffs and payment for rental apartments are the examples of
a. lump sum amount
b. deferred annuity
c. annuity due
d. payment fixed series
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Answer: (c).annuity due

34. The finance company providing loans at 12% with 2 compounding periods per year, the periodic rate is classified as
a. 3% per quarter
b. 6% per quarter
c. 6% per year
d. 0.1667 % per year
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Answer: (c).6% per year

35. The accounts payable, accruals and notes payables are listed on balance sheet as
a. accrued liabilities
b. current liabilities
c. accumulated liabilities
d. noncurrent liabilities
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Answer: (b).current liabilities