1. Money that remains after a person has paid all of his or her expenses is
A. income
B. discretionary income
C. data analysis
D. cash flow statement
the answer is b
2. An item of value that is owned, such as cash, real estate, and bonds is
A. net worth
B. a liability
C. an asset
D. disposable income
the answer is a
3. Medical bills, credit cards, and charge accounts are examples of
A. long-term liabilities
B. current liabilities
C. assets
D. current assets
the answer is a