The time value of money concept focuses on:

Name: The time value of money concept focuses on:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The time value of money concept relates to the fact that money received today is worth more than the same amount received at a future date, due to its potential earning capacity over time. This concept applies to cash flows, or the timing of cash inflows and outflows, and not to revenues, expenses, or net income specifically.

The Time Value of Money Concept Focuses On