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  1. Liabilities are amounts you_____.
Aowe
Bconsider assets
Cavoid
Dadd to your assets

  1. Which of the following is one way to potentially increase your savings?
Aincrease discretionary spending
Breduce your income
Creduce discretionary spending
Dincrease your expenses

Verified Answer :

Answer:

1. A. owe

2.C. reduce discretionary spending

Explanation:

1. Liabilities are the obligations (amount owed) of a person or an entity as a result of a past event for which future economic resources such as cash will flow out of the person or entity. Debts is a good example of liabilities.

2. Options A, B and D will reduce savings as savings is a function of the disposal income available and the disposal income is a function of the income and expense.

Therefore, the right option is C. reduce discretionary spending.

1.A. owe

2.C. reduce discretionary spending

Liabilities

According to the Liabilities are the obligations (amount owed) of an individual or an entity as a result of a past event that future economic resources like cash will emanate from the person or entity. Also, Debt could be an example of liabilities.

The Options may be a, B, and also D will reduce savings as savings may be a function of the income available, and also income could be a function of the income so expense.

Thus, the correct option is C. reduce discretionary spending.

Find out more information about Liabilities here:

https://brainly.com/question/26132841

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