Question

Elise gathered details about her finances to create a financial assets and liabilities record. Which represents one of her liabilities?

A.
her checking account balance of $2827

B.
her jewelry valued at $1375

C.
balance of $9460 on her auto loan

D.
rental property valued at $132,000

Answer 1

help

Answer 2

the answer is C :)

Answer 3

plz exsplain

Answer 4

no dirct awnserers

Answer 5

see basically liabilities are what we owe and assets are investments in the form of real estate, jewellery .....etc they provide a future economic benefit whereas liabilities are like debt which has accrued

Answer 6

so loan in this case is what she owes...thus it is a liability