Which of the following items would not appear on a personal balance sheet?
A) Jewelry
B) Credit card balances
C) Rent expense
D) A loan to a friend
Correct Answer:
Verified
Q7: Current liabilities are often defined as those
A)payable
Q8: The best description of an asset is
A)something
Q9: Funds borrowed on a life insurance policy
Q10: At the end of 2005,Phil had a
Q11: A liquid asset is most appropriately described
Q13: Kathy charged her groceries on her credit
Q14: An asset that influences the quality of
Q15: Your personal balance sheet provides
A)an estimate of
Q16: Three years ago,Michelle bought a custom-made bookcase
Q17: Which of the following relationships is correct?
A)Assets
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