Please help will MEDAL how ever helps the most and will FAN who ever goes on my question

Question

thecuteone25 · Answer

(1 pt)	
Here are some details from Hector’s financial records. Is each item an asset or a liability?
Column A		Column B
1.
He owes $7127 on a home equity line of credit.
 2.
He has $79,146 in a retirement account.
 3.
He owns art valued at about $12,348.
 4.
He owes $5399 on an auto loan.
A.
asset
B.
liability

thecuteone25 · Answer

@Cas_fangirl_14 I don't know u but can u please help

danjs · Answer

if you owe money, it is a liability

money or worth to you is the assets

thecuteone25 · Answer

oh ok so 1 and 4 are liability's?

thecuteone25 · Answer

and the rest are assets?

danjs · Answer

right, 

the first 2 words of each sort of tells it

he owes

he has

he owns

he owes

danjs · Answer

yeah assets are things of value too, like house or whatever

thecuteone25 · Answer

oh ok thanks you helped a lot @DanJS

danjs · Answer

welcome

mathmale · Answer

Cute One:  next time, please look up the technical words in question:  "asset" and "liability."  You'll absolutely have to understand these key words to do well in your course.

thecuteone25 · Answer

ok sorry

danjs · Answer

at least discovering on your own you will probably remember it better than just being told

thecuteone25 · Answer

yeah probably thanks for helping though