To take inventory of your financial assets you need to develop an income statement for yourself.

Name: To take inventory of your financial assets you need to develop an income statement for yourself.
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Question

Quizplus · Accepted Answer

Taking inventory of financial assets involves creating a balance sheet, not an income statement. An income statement shows your income and expenses over a certain period of time, while a balance sheet lists your assets, liabilities, and net worth at a specific point in time.

To Take Inventory of Your Financial Assets You Need to Develop