When a cash surplus exists on your income and expense statement,you can use it to
A)acquire assets.
B)pay off existing debts.
C)increase your savings.
D)increase your investments.
E)do any of the above.

Question

Quizplus · Accepted Answer

When a cash surplus exists on your income and expense statement, you can use it for any of the above options, depending on your personal financial goals and priorities. Acquiring assets can help increase your overall net worth, paying off existing debts can help improve your credit score and financial stability, increasing your savings can provide a safety net for unexpected expenses or help you reach long-term goals, and increasing your investments can help grow your wealth over time. It is important to carefully consider your options and make a plan that aligns with your financial goals.

When a Cash Surplus Exists on Your Income and Expense