Which of the following would be considered a long-term liability?
A) charge account payment
B) mortgage
C) six month personal loan
D) amount due for taxes
E) amount due on a credit card
Correct Answer:
Verified
Q3: A personal cash flow statement presents income
Q6: A budget is a specific plan of
Q7: Opportunity costs refer to:
A)current spending habits.
B)changing economic
Q10: A personal balance sheet reports your income
Q16: Definite financial obligations are referred to as
Q21: Liquid assets refer to:
A)amounts that must be
Q26: A personal balance sheet presents:
A)amounts budgeted for
Q29: Liabilities are amounts representing:
A)debts.
B)items of value.
C)living expenses.
D)taxable
Q34: The current financial position (including net worth)
Q40: Payments that do not vary from month
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