Question: FASB Codification chap 6 Access the glossary (Master Glossary) to answer the following: What is the definition of present value? According to the Master Glossary,

FASB Codification chap 6

Access the glossary ("Master Glossary") to answer the following:

What is the definition of present value?

According to the Master Glossary, present value is aused to link.. amounts (cash flows or values) to a

amount using a..rate (an application of the income approach).

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