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16 June, 19:22

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.

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Answers (1)
  1. 16 June, 20:14
    0
    the answer is a) he has $50,000 more in assests than in liabilities
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