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8 November, 14:05

Brenda says her assets are definitely greater than her liabilities. Which explains whether Brenda is correct?

A. Brenda is correct because she has five assets and only three liabilities.

B. Brenda is correct because all the items should be in the assets column of the balance sheet.

C. Brenda is not correct because the total value of her assets could be less than the liabilities.

D. Brenda is not correct because she needs to list more liabilities.

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  1. 8 November, 15:59
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    The answer is C. Brenda is not correct because the total value of her assets could be less than the liabilities.
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