Fernando has gathered details about his finances to create a financial assets and liabilities record. Whichrepresents one of his liabilities?

Question

jinx.exe · Answer

A.
	

His credit card balance is $521.
	
 
B.
	

His household items are worth about $5200.
	
 
C.
	

His college savings account has a balance of $13,700.
	
 
D.
	

His motorcycle is valued at $16,529.

perl · Answer

the credit card has to be paid, so its a liability. its not an asset because it has no value, its basically a debt

perl · Answer

the other options are things of value. the college deposit account you can buy things, etc.