Which of the following accounts relied on the calculation of present value or the implicit rate of interest in the determination of the balance sheet dollar value?
A)Treasury Stock
B)Long-term Notes Receivable
C)Property, Plant, and Equipment
D)Accrued Liabilities

Question

Quizplus · Accepted Answer

Long-term Notes Receivable rely on the calculation of present value or the implicit rate of interest in the determination of their balance sheet dollar value through discounting future cash flows. The other accounts listed do not involve this type of calculation in determining their balance sheet values.

Which of the Following Accounts Relied on the Calculation of Present