What allows an individual to gain from unexpected inflation are stocks
Answer:
present value; future value
Explanation:
When we express the value of a cash flow or series of cash flows in terms of dollars today, we call it the present value of the investment. This is achieved by discount the future cash flows using the appropriate discounting rate to show the effect of time value of money.
Then, If we express it in terms of dollars in the future, we call it the future value. This is achieved by Compounding the Principle or Present Value using the appropriate compounding rate to show the effect of time value of money
If Petty Cash is not replenished at the end of the accounting period:
- the balance sheet would show an overstated cash asset.
- expenses would not be recorded in the period in which they were incurred.
- the income statement would reflect a net income amount that was too high.
<h3>What happens when petty cash is not replenished?</h3><h3 />
Because the cash that was meant to go to the petty cash was not taken from the cash account, this account will have more than it should (overstated).
The expenses which were incurred and recorded in the petty cash would not be accounted for which means that the income would be overstated as these expenses were not deducted from it.
Find out more on the petty cash at brainly.com/question/17439772.
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