If your income and expense statement shows a cash deficit,you may have
A)increased your debts.
B)increased your assets.
C)added to savings.
D)bought additional insurance.
E)paid off some of your debts.

Question

Quizplus · Accepted Answer

If your income and expense statement shows a cash deficit, it means you spent more than you earned, which is usually covered by taking on more debt. Therefore, the correct choice is A, you increased your debts.

If Your Income and Expense Statement Shows a Cash Deficit,you