Ask Question
28 October, 01:18

Briefly explain whether you agree or disagree with the following statement: "Assets are things of value that people own. Liabilities are debts. Therefore, a bank will always consider a checking account deposit to be an asset and a car loan to be a liability."

+4
Answers (1)
  1. 28 October, 05:05
    0
    I disagree. It is clearly a bank liability.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Briefly explain whether you agree or disagree with the following statement: "Assets are things of value that people own. Liabilities are ...” in 📘 Business 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