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All of the above
Question 17.17. (TCO 1) The distinction between current liabilities
and long-term liabilities can be made
based upon the
amount owed.
due date of the debt.
interest rate charged.
financial situation of the creditor.
current economic conditions.
Question 18.18. (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 19.19. (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