Question 52 • Personal Finance - SC 26-27 (For Credit)
Anna is creating a personal balance sheet. She plans to list these items.Bank AccountJewelryHealth InsuranceRentWhich statements about the balance sheet are correct? Select three choices.
Answer
A
Health insurance, and rent will be listed in the liabilities column.
B
Anna will need to find the total value of her jewelry and bank account.
C
The period of the balance sheet will be one year.
D
Anna will add the value of the assets and subtract the value of the liabilities.
E
The items in the table will be listed in four columns.