Chapter 8
Non-Current Liabilities
387
AS-15 (
2
)
A company invested $1,000,000 to buy a property. The appraiser estimated that the property
will be worth $1,500,000 in five years. Which amount is the present value of the investment
and which is the future value?
AS-16 (
2
)
What is an annuity?
AS-17 (
4
)
Why should a company issue callable bonds?
