Question

Annika has gathered details about her finances to create a financial assets and liabilities record. Which represents one of her assets? A. balance of $8425 left on a loan for her boat B. electronics valued at about $2530 C. student loan balance of $16,122 D. credit card balance of $673

Answer 1

The answer would be B. electronics valued at about $2530

Assets and liabilities can be used to count the net worth. Assets will increase net worth while liabilities will decrease it. Based on time, the assets and liabilities can be classified as current and non-current. The electronic Annika has would be a current asset. Loan would be liabilities