The Document That Would Be Most Useful to Plan Spending

question 17

Multiple Choice

The document that would be most useful to plan spending and saving to achieve financial goals is the

• A) Balance sheet.
• B) Cash flow statement.
• C) Budget.
• D) Bank statement.
• E) Credit card statement.

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Definitions:

Other Income

Revenue from non-core business activities, including interest, dividends, or any other non-operational income sources.

Trading Investments

Trading investments refer to securities bought and held primarily for selling in the short term to profit from their price fluctuations.

Comprehensive Income

The total change in equity for a business enterprise during a period from transactions and other events from non-owner sources, including all non-owner changes in equity.