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Jordan Has the Following Assets and Liabilities Jordan's Wealth Is _____,The Value of Jordan's Assets Is _____,And

Question 2

Multiple Choice

Jordan has the following assets and liabilities:  Two cars $10,000 House $200,000 Mortgage $100,000 Cash $1,000 Car loans $3,000 Checking account balance $2,000 Credit card balance $1,000\begin{array} { l l r } \text { Two cars } & \$ 10,000 \\\text { House } & \$ 200,000 \\\text { Mortgage } & \$ 100,000 \\\text { Cash } & \$ 1,000 \\\text { Car loans } & \$ 3,000 \\\text { Checking account balance } & \$ 2,000 \\\text { Credit card balance } & \$ 1,000\end{array}
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

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