Amir has a savings and checking account with an average balance of $32,000, a 401(k) account with his company, a house, and a car. These are examples of

Question

Quizplus · Accepted Answer

These are examples of assets, which are all the things you own that have value. On the left-hand side of the balance sheet, you should include assets such as savings and checking account balances, investments, furniture, books, clothing, vehicles, houses, and the like. Assets are usually arranged from most liquid (easily convertible to cash) to least liquid.

Amir Has a Savings and Checking Account with an Average