Ask Question
22 June, 17:41

Dante listed his assets and liabilities on a personal balance sheet.

Dante's Balance Sheet (August 2013)

Assets

Liabilities

cash

$900

credit card

$4,000

investments

$1,100

student loan

$1,000

house

$150,000

mortgage

$100,000

car

$8,000

car loan

$5,000

Total

Total

Which statement is true about the value of Dante's assets and liabilities?

He has $50,000 more in assets than in liabilities.

He has $50,000 more in liabilities than in assets.

He has $110,000 more in liabilities than in assets.

He has $160,000 more in assets than in liabilities.

+1
Answers (1)
  1. 22 June, 21:00
    0
    the answer is a) he has $50,000 more in assests than in liabilities
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Dante listed his assets and liabilities on a personal balance sheet. Dante's Balance Sheet (August 2013) Assets Liabilities cash $900 ...” in 📘 Advanced Placement (AP) if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers