Personal income statements are based on actual cash, Financial Management

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Personal income statements are based on actual cash

1. Personal income statements are based on actual cash flows. True or False

2. Taxes on capital gains have to be paid whenever an asset you own increase in value. True or False

3. Borrowing on credit cards is not appealing because they typically charge a very high interest rate on unpaid balances. True or False

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Financial Management: Personal income statements are based on actual cash

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Financial Management: Personal income statements are based on actual cash

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