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asjstr asjstr
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Posts: 332
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A week ago

Question 1.

Goodwill is listed as an asset on a firm's balance sheet.



▸ true

▸ false

Question 2.

With state and multistate lotteries, winners are typically given the choice between a lump sum payment today or a 20 year series of annuities. How should a winner decide which is better?

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urbacoreurbacore
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Posts: 296
A week ago
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Answer 1

true

Answer 2

The winner should decide by determining the present value of the multiyear annuity payout and comparing it to the lump sum payment. Whichever has the largest present value is the best choice.

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