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Which would most likely be considered a contractual expense?
increase his assets.
Cell phone
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this st
Assets – liabilities = net worth
Amanda and Marcus are earning more money than they are spending. They could place additional money in savings and/or spend it
Spending plans are always under revision so they are never complete.
the balance on his credit card
Money in the paycheck he will receive next week
Jonah is writing down his liabilities to complete his Statement of Financial Position. The item he should include would be:
increase his assets.
Cell phone
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this st
Assets – liabilities = net worth
Amanda and Marcus are earning more money than they are spending. They could place additional money in savings and/or spend it
Spending plans are always under revision so they are never complete.
the balance on his credit card
Money in the paycheck he will receive next week
Michael wants to develop a spending plan for himself to use during his final year of high school. What will he need to do as his first step?
increase his assets.
Cell phone
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this st
Assets – liabilities = net worth
Amanda and Marcus are earning more money than they are spending. They could place additional money in savings and/or spend it
Spending plans are always under revision so they are never complete.
the balance on his credit card
Money in the paycheck he will receive next week
Brett is creating a Statement of Financial Position and needs to list his assets. Which of the following should he not list as an asset?
increase his assets.
Cell phone
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this st
Assets – liabilities = net worth
Amanda and Marcus are earning more money than they are spending. They could place additional money in savings and/or spend it
Spending plans are always under revision so they are never complete.
the balance on his credit card
Money in the paycheck he will receive next week
When is your spending plan complete?
increase his assets.
Cell phone
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this st
Assets – liabilities = net worth
Amanda and Marcus are earning more money than they are spending. They could place additional money in savings and/or spend it
Spending plans are always under revision so they are never complete.
the balance on his credit card
Money in the paycheck he will receive next week
To increase his net worth, Jackson could:
increase his assets.
Cell phone
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this st
Assets – liabilities = net worth
Amanda and Marcus are earning more money than they are spending. They could place additional money in savings and/or spend it
Spending plans are always under revision so they are never complete.
the balance on his credit card
Money in the paycheck he will receive next week
Amanda and Marcus just finished their Income and Expense Statement for last month. They discovered that they have a net gain. What does this mean and what should they do?
increase his assets.
Cell phone
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this st
Assets – liabilities = net worth
Amanda and Marcus are earning more money than they are spending. They could place additional money in savings and/or spend it
Spending plans are always under revision so they are never complete.
the balance on his credit card
Money in the paycheck he will receive next week
Which formula should Jordyn use to calculate her net worth?
increase his assets.
Cell phone
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this st
Assets – liabilities = net worth
Amanda and Marcus are earning more money than they are spending. They could place additional money in savings and/or spend it
Spending plans are always under revision so they are never complete.
the balance on his credit card
Money in the paycheck he will receive next week
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