Answer:
The correct option is B. $109,000; $213,000; $104,000
Explanation:
For computing the wealth, first, we have to compute the assets and liabilities value
So, the assets = Cars + House + cash + checking account balance
= $10,000 + $200,000 + $1,000 + $2,000
= $213,000
So, the liabilities = Mortgage + car loans + credit card balance
= $100,000 + $3,000 + $1,000
= $104,000
we apply the accounting equation which equals to
Assets = Liabilities + shareholder equity
And, the wealth equal to
= Assets - Liabilities
= $213,000 - $104,000
= $109,000
Hence, Jordan's wealth is $109,000, the value of Jordan's assets is $213,000, and the value of Jordan's liability is $104,000.
Therefore, the correct option is B. $109,000; $213,000; $104,000
