Free CTFA Exam Braindumps

Balance sheet and income statements that serve as essential planning tools for developing and monitoring personal financial plans may be referred as:

  1. Personal financial statements
  2. Legal financial statements
  3. Illegal financial statements
  4. Company profile

Answer(s): A



It's a detailed financial report that looks forward, based on expected income and expenses.

  1. Balance sheet
  2. Income Statement
  3. Budget
  4. Equity turnover

Answer(s): C



The actual value of an asset, or the price of an asset, or the price for which it can reasonably be expected to sell in the open market is its:

  1. Actual price
  2. Book value
  3. Depreciation amount
  4. Fair market value

Answer(s): D



Tangible assets that are immovable: land and anything fixed to it, such as a house is a person's:

  1. Investment
  2. Real property
  3. Liability
  4. Open credit obligation

Answer(s): B






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