Your savings account: A. Should contain at least five months' income B. Should have approximately 5% of your paycheck contributed to it each month C. Both Should contain at least five months' income and Should have approximately 5% of your paycheck contributed to it each month D. None of these 2. A(n) ________ is money you owe. A. Bill B. Debt C. Expense D. All of these E. None of these 3. A FICO score: A. Is a common credit rating system B. Is only issued through banks C. Is a type of credit report D. None of these

Your savings account: A. Should contain at least five months' income B. Should have approximately 5% of your paycheck contributed to it each month C. Both Should contain at least five months' income and Should have approximately 5% of your paycheck contributed to it each month D. None of these 2. A(n) ________ is money you owe. A. Bill B. Debt C. Expense D. All of these E. None of these 3. A FICO score: A. Is a common credit rating system B. Is only issued through banks C. Is a type of credit report D. None of these

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1. Your savings account:

A. Should contain at least five months' income

B. Should have approximately 5% of your paycheck contributed to it each month

C. Both Should contain at least five months' income and Should have approximately 5% of your paycheck contributed to it each month

D. None of these

2. A(n) ________ is money you owe.

A. Bill

B. Debt

C. Expense

D. All of these

E. None of these

3. A FICO score:

A. Is a common credit rating system

B. Is only issued through banks

C. Is a type of credit report

D. None of these

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