Question

The bottom line of James’s income statement shows a negative number. What does this mean? (1 point)

He is not contributing to his 401(k). He is not contributing to his 401(k).
He is spending more money than he makes.
He spends $200 a month on clothes.
He entered the incorrect amount for his rent.​

Answer 1

Answer: 1. He is spending more money than he makes.

2. He has to cut back on other expenses.

3. It is a listing of what an individual owns minus what they owe.

4. an antique vase valued at $125,000

5. capital

Explanation: I took the same quick check and got 100%, hope this helps!