Term
| What is the assumption about states of nature for accounting under uncertianty |
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Definition
| States are publicly known. |
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Term
| Under realistic conditions,market values and present values are unequal because of the lack of ... |
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Definition
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Term
| Why are ideal conditions unlikely to exist in the real world? |
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Definition
| Cash flows are difficult to predict. |
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Term
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Definition
| The amount one can consume and be as well off at the end of the period as at the beginning of the period |
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Term
| what is the primary cause for present value calculations to have low reliability? |
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Definition
| Difficulty in estimating future cash flows. |
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Term
| Uncertian future events that can't be controlled are known as |
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Definition
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