anna is creating a personal balance sheet. she plans to list these items.\nbank account jewelry\nhealth…

anna is creating a personal balance sheet. she plans to list these items.\nbank account jewelry\nhealth insurance rent\nwhich statements about the balance sheet are correct? select three choices.\n□ health insurance, and rent will be listed in the liabilities column.\n□ anna will need to find the total value of her jewelry and bank account.\n□ the period of the balance sheet will be one year.\n□ anna will add the value of the assets and subtract the value of the liabilities.\n□ the items in the table will be listed in four columns.

anna is creating a personal balance sheet. she plans to list these items.\nbank account jewelry\nhealth insurance rent\nwhich statements about the balance sheet are correct? select three choices.\n□ health insurance, and rent will be listed in the liabilities column.\n□ anna will need to find the total value of her jewelry and bank account.\n□ the period of the balance sheet will be one year.\n□ anna will add the value of the assets and subtract the value of the liabilities.\n□ the items in the table will be listed in four columns.

Answer

Explanation:

Step1: Understand balance - sheet basics

A balance - sheet has assets and liabilities. Assets are what one owns (bank account, jewelry), and liabilities are what one owes (rent). Health insurance can be a prepaid asset or a liability depending on the situation, but rent is a liability.

Step2: Analyze asset valuation

Anna needs to find the total value of her assets (jewelry and bank account) to calculate her net worth.

Step3: Recall balance - sheet formula

The formula for a balance - sheet is Assets - Liabilities=Net Worth, so Anna will add the value of the assets and subtract the value of the liabilities.

Answer:

Health insurance, and rent will be listed in the liabilities column. Anna will need to find the total value of her jewelry and bank account. Anna will add the value of the assets and subtract the value of the liabilities.