Under what circumstances should sellers consider the time value of money when recognizing revenue?
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In general the time value of money refers to the fact that money to be received in the fut...View the full answer
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Muhammad Umair
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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The time value of money (TVM) is the concept that the money you have in your pocket today is worth more than the same amount would be if you received it in the future because of the profit it can earn during the interim.
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