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Question 62 - CTFA discussion

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An excess amount of expense over income resulting in insufficient funds as well as in decreased net value is called:

A.
Cash deficit
Answers
A.
Cash deficit
B.
Limited Liability
Answers
B.
Limited Liability
C.
Cash basis
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C.
Cash basis
D.
Net worth
Answers
D.
Net worth
Suggested answer: A
asked 16/09/2024
James Joiner
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