Your personal balance sheet provides A) an estimate of ...

[elizabeth18]

Your personal balance sheet provides
 
  A)
 
  an estimate of your net worth at a point in time.
  B)
 
  an illustration of how your wealth has changed over time.
  C)
 
  a summary estimate of your expenses and income over the previous year.
  D)
 
  a pro forma budget for the coming year.

Question 2

A personal income statement shows
 
  A)
 
  a detailed breakdown of cash income and expenses over a past period of time.
  B)
 
  a comparison of income and expenses at a point in time.
  C)
 
  your contribution to savings for the year by following strict accounting rules for determining net income.
  D)
 
  all revenue, expense, asset, liability, and net worth items.

[at]

Answer to Question 1

A

Answer to Question 2

A

[elizabeth18]

Excellent

[raili21]

TYSM