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Do you think it is important that we consider the time value of money when...

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Accounting

  1. Do you think it is important that we consider the time value of money when doing accounting? Why?
  2. Is it more important to consider the time value of money concepts during periods of high or low inflation? Why?
  3. Why do you think we don't consider the time value of money concepts when we are accounting for current assets or current liabilities?

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