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A personal balance sheet requires the listing of all assets and liabilities to indicate an individual's equity or net worth. Which of the following would
A personal balance sheet requires the listing of all assets and liabilities to indicate an individual's equity or net worth. Which of the following would not normally be included in a personal balance sheet:
A rental property | ||
A motor vehicle | ||
Interest income received | ||
The balance of a personal loan |
The "best interests duty" (under the Corporations Act 2001) provides that a financial planner must make reasonable inquiries into the personal circumstances of the client and have reasonable basis for the advice.
True
False
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