| 36. | A loan that is repaid on monthly, quarterly and annual basis in equal payments is classified as |
| a. | amortized loan |
| b. | depreciated loan |
| c. | appreciated loan |
| d. | repaid payments |
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Answer: (a).amortized loan
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| 37. | An interest rate is 5%, the number of period are 3, and the present value is $100, then the future value will be |
| a. | 115.76 |
| b. | 105 |
| c. | 110.25 |
| d. | 113.56 |
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Answer: (a).115.76
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| 38. | A method of inventory recording which produces high inventories in balance sheet is classified as |
| a. | first out receivable |
| b. | first in first out |
| c. | last in first out |
| d. | last out receivable |
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Answer: (b).first in first out
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| 39. | The noncash revenues are $500,000 and the net income is $950,000 then the net cash flow would be |
| a. | 475000 |
| b. | 485000 |
| c. | 1450000 |
| d. | 450000 |
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Answer: (d).450000
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| 40. | The cash and equivalents, inventories and accounts receivables are classified as |
| a. | assets on balance sheet |
| b. | liabilities on balance sheet |
| c. | earnings on income statement |
| d. | payments on income statement |
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Answer: (a).assets on balance sheet
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