Which of the following statements is incorrect? Group of answer choices An individual's net worth is determined by subtracting liabilities from assets.

A). Contributions to an IRA appear on the individual's estimate of cash receipts and disbursements.

B). The amount of an outstanding mortgage appears on the individual's balance sheet.

C). An income statement (cash budget) enumerates of an individual's receipts and disbursements.

D). Interest earned and received appears on the individual's balance sheet.