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OpenStudy (anonymous):
Clarissa's car is valued at $14,000 and she owes $7,000 on it. What is her current equity? @thesmartone A) $26,000 B) $7000 C) $4000 D) $24,000
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TheSmartOne (thesmartone):
\(\sf 14,000 - 7,000=?\)
OpenStudy (anonymous):
$7,000
jimthompson5910 (jim_thompson5910):
yep equity = assets - liabilities and in this case, the equity is $7,000
TheSmartOne (thesmartone):
Good job :)
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