PREPARE A PERSONAL SFP: a. Get a one piece of yellow paper b. Write your current savings and everything that you own ( clothes, pen, pencil, etc.) c. Write the ammount that you owe to your friends, family members, parents (tuition) d. Deduct the amount you owe from the amount you own e. Associate amounts owned with assets and amount owed with liabilities with the net amount as equity.

Administration Of Wills/Trusts/ And Estates
5th Edition
ISBN:9781285281308
Author:Brown
Publisher:Brown
Chapter12: Probating A Will And Administering An Estate
Section: Chapter Questions
Problem 3SYPS
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PREPARE A PERSONAL SFP:

a. Get a one piece of yellow paper

b. Write your current savings and everything that you own ( clothes, pen, pencil, etc.)

c. Write the ammount that you owe to your friends, family members, parents (tuition)

d. Deduct the amount you owe from the amount you own

e. Associate amounts owned with assets and amount owed with liabilities with the net amount as equity.

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