Agood financial plan does not include an insurance plan.
a. true
b. false user: a good financial plan does not include an insurance plan.
a. true
b. false user: randy would like to set up a budget for a vacation he is taking next year. which money management tool should randy use?
printable graphs
spreadsheet
online banking
expensuretm

A good financial plan does not include an insurance plan. 
This statement it false. Insurance plans provide a person long-term benefits that are paid at present but can be used later in the future, especially for emergency purposes (e.g. health insurance).

If Randy would like to save his money for a vacation next year he must use an online banking account. This way he can easily track his transactions day-in and day-out to save up for his trip.

The correct answer is  "b)  net income overstated, assets unaffected, liabilities understated, and owner's equity overstated."