When your assets exceed your liabilities

Assignment Help Financial Management

Reference no: EM131623703

1. When your assets exceed your liabilities, you are

insolvent

solvent

unable to meet your financial targets

in financial distress

2. Which of the following is true of budgets?

Budgets describe a person’s financial goals over a specific period of time.

Budgets are historical documents that tell an individual how he or she has performed in the past.

Budgets measure a person’s financial performance at a given point in time.

Budgets describe a person’s financial position at a given point in time.

Budgets are detailed forward looking financial reports based on expected income and expenses.

Reference no: EM131623703

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