1. Please identify where current bills would be placed on a clients financial statements.
   1. On the balance sheet as a fixed expense item
   2. On the balance sheet as a current liability item
   3. On the cash flow statement as a variable expense item
   4. On the cash flow statement as a current liability item

2. Please identify where the value of a boat would be placed on a clients financial statements.
   1. On the balance sheet as a personal property liability item
   2. On the balance sheet as a personal property asset item
   3. On the cash flow statement as a fixed expense item
   4. On the cash flow statement as a variable expense item