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Question 17. Question : (TCO 1) A family with $66,000 in assets and
$52,000 of liabilities would have a net worth of
$66,000.$52,000.
$118,000.
$14,000.
$41,000.
Question 18. Question : (TCO 1) Personal balance sheets can be used
to analyze
future income and expenses.
the net worth of an organization.
the cash flow of an individual or a family.
debt payment activities.
what an individual or family owes and owns.
Question 19. Question : (TCO 1) When a person's actual expenses are
less than planned expenses, this means that a person or family has a
_____.
budget deficit.
negative net worth
budget surplus
positive net worth
net income