A home and land should be recorded on the personal balance sheet at their original cost.
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Q11: Personal financial statements help you identify potential
Q12: Your auto loan payments would be listed
Q13: Investments are mostly intangible financial assets acquired
Q14: The value of assets purchased on credit
Q15: Investment assets include items such as boats
Q17: A budget is a detailed statement of
Q18: All assets,regardless of category,should be recorded on
Q19: A personal balance sheet shows your financial
Q20: Jewelry,furniture,and computers are examples of personal property.
Q21: An income and expense statement deficit would
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