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Exercise 1.1

29/09/2020 Client: m166 Deadline: 7 Days

 



  • Financial statements capture your overall wealth at a specific point in time.

  • In this lesson, you will:

  • Define terms associated with financial statements.

    2. Incorporate data into financial statements

    3. Determine if an item is an asset, liability, or both

    4. Organize personal financial data into a spreadsheet to determine net worth

  • Financial statements are compilations of personal financial data that describe an individual’s current financial condition. They present a summary of assets and liabilities, as well as income and spending.

  • Access the following attachment and complete the exercise worksheet.

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