Jordan has the following assets and liabilities: Jordan's wealth is _____, the value of Jordan's assets is _____, and the value of Jordan's liability is _____.
A) $107,000; $213,000; $100,000
B) $109,000; $213,000; $104,000
C) $111,000; $213,000; $100,000
D) $213,000; $317,000; $104,000

Question

Jordan has the following assets and liabilities:  Jordan's wealth is _____, the value of Jordan's assets is _____, and the value of Jordan's liability is _____.
A) $107,000; $213,000; $100,000 
B) $109,000; $213,000; $104,000 
C) $111,000; $213,000; $100,000 
D) $213,000; $317,000; $104,000

Quizplus · Accepted Answer

Jordan's wealth is $109,000. His assets are two cars, a house, cash and a checking account balance which total $213,000. His liabilities are a mortgage, car loans and a credit card balance which total $104,000. The difference is his wealth.

Jordan Has the Following Assets and Liabilities: Jordan's Wealth