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    Understanding Business
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    Exam 24: Appendix: Managing Personal Finances
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    Your Big-Screen HDTV Would Be Listed as an Asset on Your
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Your Big-Screen HDTV Would Be Listed as an Asset on Your

Question 174

Question 174

True/False

Your big-screen HDTV would be listed as an asset on your personal balance sheet. However, the loan you took out to buy the TV would be listed as a personal liability.

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