Multiple Choice
Dani has prepared her personal balance sheet and found that her total assets are $54,000 and her total liabilities (largely college loans) are $48,000. What does this show for Dani?
A) Her net income is only $6,000.
B) Her net worth is $6,000.
C) Her cash flow will not be sufficient to repay her college loans.
D) Her balance sheet is out of balance.
Correct Answer:
Verified
Correct Answer:
Verified
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