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Which of the following describes the time value of money?
A) The time value of money has no effect on the timing of capital investments.
B) A dollar received today is worth more than a dollar to be received in the future.
C) The fact that invested cash may not earn interest over time is called the time value of money.
D) Money loses its purchasing power over time through inflation.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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