1

2

3 The effective interest rate is the same as the stated interest rate. T/F

Which of the following is not a limitation of the balance sheet? A. Many balance sheet accounts are based upon estimates as o B. A number of assets and liabilities, such as human capital and C. Many balance sheet accounts are reported at historical cost i D. Many of the balances are reported at their liquidation values. In the present value of an annuity due table, the factors A. increase as the periods decrease, given a set interest rate B. increase as the interest rates increase, given a set number of periods C. decrease as the interest rates increase, given a set number of periods D. decrease as the periods increase, given a set interest rate