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The bottom line of James's income statement
shows a negative number. What does this mean? -
answer He is spending more money than he makes.
How can James free up more money to pay down
his credit card debt? - answer He has to cut back
on other expenses
What is a net worth statement? - answer It is a
listing of what an individual owns minus what they
owe.
Which of the following may fall under the category
of collateral? - answer An antique vase valued at
$125,000
Which of the following is not one of the Three C's? -
answer Capital
Check with verified
solutions
The bottom line of James's income statement
shows a negative number. What does this mean? -
answer He is spending more money than he makes.
How can James free up more money to pay down
his credit card debt? - answer He has to cut back
on other expenses
What is a net worth statement? - answer It is a
listing of what an individual owns minus what they
owe.
Which of the following may fall under the category
of collateral? - answer An antique vase valued at
$125,000
Which of the following is not one of the Three C's? -
answer Capital
