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Haley just finished listing her financial goals and wants to determine her net worth. Haley needs to prepare a(n):
Being financially independent
liability.
income and expense statement.
net worth
money market account
expenses
balance sheet
net loss.
Karen owes her grandmother $85. She should list this on her balance sheet as a(n):
Being financially independent
liability.
income and expense statement.
net worth
money market account
expenses
balance sheet
net loss.
Marie\'s balance sheet showed that the difference between her assets and liabilities was $5,000. This is the amount of Marie\'s:
Being financially independent
liability.
income and expense statement.
net worth
money market account
expenses
balance sheet
net loss.
Laura earned $40 this month and received $100 from a savings bond. She borrowed $25 and spent $120. Laura should list $5 on her income and expense statement as:
Being financially independent
liability.
income and expense statement.
net worth
money market account
expenses
balance sheet
net loss.
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?
Being financially independent
liability.
income and expense statement.
net worth
money market account
expenses
balance sheet
net loss.
Where should you put your emergency fund?
Being financially independent
liability.
income and expense statement.
net worth
money market account
expenses
balance sheet
net loss.
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
Being financially independent
liability.
income and expense statement.
net worth
money market account
expenses
balance sheet
net loss.
Jan spent $50 this month on clothing and $65 on entertainment. Jan should list these on her income and expense statement as:
Being financially independent
liability.
income and expense statement.
net worth
money market account
expenses
balance sheet
net loss.
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