Time value of money:a)is inversely related to the opportunity cost of money. B. decreases as the interest rate increases because it costs more to borrow. C. is a measure of the opportunity cost of spending a dollar. D. increases as the interest rate decreases because lower interest rates lower the cost of borrowing money.

Dakota company experienced the following events during 2016. 1. acquired $30,000 cash from the issue of common stock. 2. paid $12,000 cash to purchase land. 3. borrowed $10,000 cash. 4. provided services for $20,000 cash. 5. paid $1,000 cash for utilities expense. 6. paid $15,000 cash for other operating expenses. 7. paid a $2,000 cash dividend to the stockholders. 8. determined that the market value of the land purchased in event 2 is now $12,700