Exam 2: Using Financial Statements and Budgets

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The best place to keep a budget is in a safe deposit box.

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A house and land are examples of financial property.

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Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Putting specific target dates on your goals [will not | will] increase the likelihood of their being accomplished.

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Balance sheet liabilities should be recorded at their

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