Balance Sheets

Which of these are assets

• Student loans

• Money saved from Scholarships

• Money saved from Grants from financial aid

• Money saved from summer jobs

• Money saved from jobs during college

Which of these are assets

• Money deducted from your pay for taxes

• Money deducted from your pay for retirement

• Money deducted from your pay for medical insurance

• A phone you own

• A phone you rent

Which of these are assets

• Clothes

• Rent for an apartment

• Money paid for "room" in college

• Money paid for tuition in college

• What you could re-sell your "books" for in college

Which of these are liabilities

• Car

• Car loan

• House

• Mortgage

• Apartment

The S in SMART stands for

• Specific

• Certain

• Substantial

• Significant

• Serendipity

The M in SMART stands for

• Market

• Marketable

• Maintainable

• Measurable

• Specific

The A in SMART stands for

• Attainable

• Advanced

• Automatic

• Allocate

• Measurable

The R in SMART stands for

• Recordable

• Routine

• Receivables

• Realistic

• Attainable

The T in SMART stands for

• Specific transaction

• Specific billing cycle

• Specific time period (beginning and end)

• Realistic

• Specific point in time (snapshot)

Which of these is used to record current financial information?

• Income Statement

• Balance Sheet

• Budget

• Sports Center