ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The statement is TRUE. The statement of cash flows reconciles the beginning and ending balances of the cash asset account by listing the major sources and uses of cash in three sections; operating cash flows, investing cash flows, and financing cash flow.
Detailed explanation-2: -An allowance is the amount of money you plan to use for a certain budget category.
Detailed explanation-3: -Your net worth is what you own minus what you owe. It’s the total value of all your assets-including your house, cars, investments and cash-minus your liabilities (things like credit card debt, student loans, and what you still owe on your mortgage).
Detailed explanation-4: -Housing. Whether you own your own home or pay rent, the cost of housing is likely your biggest monthly expense. Utilities. Vehicles and transportation costs. Gas. Groceries, toiletries and other essential items. Internet, cable and streaming services. Cellphone. Debt payments. More items •26-Sept-2022