Financial Planner

Answer: C - A statement of financial position is where a financial planner finds a snapshot of an individual’s wealth at particular moment in time. There are three categories of information found on the in the statement: assets, liabilities, and net worth. Net worth is measured by total assets minus total liabilities. Liabilities are categorized by current and long-term. Assets are categorized as: cash and cash equivalents, invested assets, and use assets.