2. (a) Prepare a balance sheet and a cash flow statement on a regular basis to monitor...

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2.

(a) Prepare a balance sheet and a cash flow statement on a regular basis to monitor your financial situation and progress (see the “Personal Financial Statements” section).

(b) Use online research to obtain information about the assets commonly held by households in the United States. How have the values of assets, liabilities, and net worth of U.S. consumers changed in recent years? (LO2.2)

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Focus On Personal Finance

ISBN: 9781259919657

6th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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