Taylor has the following assets and liabilities: $$\begin{array} { l l r }
\text { Two cars } & \$ 15,000 \
\text { House } & \$ 400,000 \
\text { Mortgage } & \$ 300,000 \
\text { Cash } & \$ 1,000 \
\text { Car loans } & \$ 5,000 \
\text { Checking account balance } & \$ 3,000 \
\text { Credit card balance } & \$ 3,000
\end{array}$$ What is the value of Taylor's assets?
A) $308,000
B) $416,000
C) $419,000
D) $422,000

Question

Taylor has the following assets and liabilities: $$\begin{array} { l l r } 
\text { Two cars } & \$ 15,000 \
\text { House } & \$ 400,000 \
\text { Mortgage } & \$ 300,000 \
\text { Cash } & \$ 1,000 \
\text { Car loans } & \$  5,000 \
\text { Checking account balance } & \$  3,000 \
\text { Credit card balance } & \$  3,000
\end{array}$$ What is the value of Taylor's assets?
A) $308,000
B) $416,000
C) $419,000
D) $422,000

Quizplus · Accepted Answer

The value of Taylor's assets is the sum of the two cars, house, cash, and checking account balance: $15,000 + $400,000 + $1,000 + $3,000 = $419,000.

Taylor Has the Following Assets and Liabilities What Is the Value of Taylor's Assets? A) $308,000 B)

Taylor Has the Following Assets and Liabilities What Is the Value of Taylor's Assets?
A) $308,000
B)