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Jason has $500 in a savings account. He should list this on his balance sheet as a(n):
asset.
net worth
liability.
money market account
Being financially independent
income and expense statement.
balance sheet
expenses
Lily ran out of cash before getting paid for each of the past three pay periods. In order to take a closer look at her recent monthly earnings and spending, Lily needs to prepare a
asset.
net worth
liability.
money market account
Being financially independent
income and expense statement.
balance sheet
expenses
Where should you put your emergency fund?
asset.
net worth
liability.
money market account
Being financially independent
income and expense statement.
balance sheet
expenses
Marie\'s balance sheet showed that the difference between her assets and liabilities was $5,000. This is the amount of Marie\'s:
asset.
net worth
liability.
money market account
Being financially independent
income and expense statement.
balance sheet
expenses
Chuck prepared an income and expense statement, he found a way to plan his budget so he would not have to borrow money. Which benefit of financial planning does this illustrate?
asset.
net worth
liability.
money market account
Being financially independent
income and expense statement.
balance sheet
expenses
Haley just finished listing her financial goals and wants to determine her net worth. Haley needs to prepare a(n):
asset.
net worth
liability.
money market account
Being financially independent
income and expense statement.
balance sheet
expenses
Jan spent $50 this month on clothing and $65 on entertainment. Jan should list these on her income and expense statement as:
asset.
net worth
liability.
money market account
Being financially independent
income and expense statement.
balance sheet
expenses
Karen owes her grandmother $85. She should list this on her balance sheet as a(n):
asset.
net worth
liability.
money market account
Being financially independent
income and expense statement.
balance sheet
expenses
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