When a Cash Surplus Exists on Your Income and Expense

question 82

Multiple Choice

When a cash surplus exists on your income and expense statement,you can use it to

• A)acquire assets.
• B)pay off existing debts.
• C)increase your savings.
• D)increase your investments.
• E)do any of the above.

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Definitions:

Promise

A declaration or assurance that one will do a particular thing or ensure that a particular thing happens.

Cause of Action

The legal ground or claim allowing a plaintiff to pursue legal action against a defendant in court.

Special Sale

A sale event that offers products or services at reduced prices for a limited time or under special conditions.

Rolex Watch

A luxury brand of watches known for their quality, prestige, and accuracy, manufactured by a Swiss company.