Explain why, under ideal conditions, there is no need to make estimates when calculating expected present value.

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Financial Accounting Theory

ISBN: 978-0132984669

7th edition

Authors: William R. Scott

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Question Posted: Sep 09, 2014 10:52 AM

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Explain why, under ideal conditions, there is no need to make estimates when calculating expected present value.

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Under ideal conditions of certainty future cash flows are known by assumption Thus estimates ...View the full answer

Financial Accounting Theory

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