Which of the following items would appear on a personal balance sheet?
A) A loan made on a life insurance policy
B) Interest paid on an installment loan
C) Interest received on a savings account
D) Premiums paid on a health insurance policy
Correct Answer:
Verified
Q1: Which of the following relationships is correct?
A)Liabilities
Q2: Dave Scott bought a used car in
Q4: For most individuals,which item below is an
Q5: Two kinds of noncurrent liabilities are
A)deferred liabilities
Q6: In relation to the balance sheet,an income
Q7: Current liabilities are often defined as those
A)payable
Q8: The best description of an asset is
A)something
Q9: Funds borrowed on a life insurance policy
Q10: At the end of 2005,Phil had a
Q11: A liquid asset is most appropriately described
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents