Personal Finance (MindTap Course List)
Personal Finance (MindTap Course List)
13th Edition
ISBN: 9781337099752
Author: E. Thomas Garman, Raymond Forgue
Publisher: Cengage Learning
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Chapter 3.2, Problem 1CC
Summary Introduction

To Explain: Balance sheet and two ways to increase net worth.

Concept Introduction: Financial Statements: All the statements prepared by a person at the end of a financial year known as the financial statement. The Financial statements include a balance sheet, an income statement, and a cash flow statement.

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