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LuckyWell [14K]
3 years ago
14

The following table shows the assets and liabilities of the Chang family in 2007 and 2008.

Mathematics
2 answers:
fenix001 [56]3 years ago
5 0
Liabilities are what someone owes and assets are what someone owns and is worth something. The house is an asset and the car loan is a liability. According to the numbers provided the assets have an increase of $6,000 with +10,000 from the house and -4,000 from the car. And liabilities had a decrease of $25,500 with a -$29,000 from mortgage and car loans and a +3,500 from the savings account and debt. So assets increase and liabilities decrease. 
allsm [11]3 years ago
3 0
I would say C is your answer, between these two years the assets decrease and the liabilities increase, which is a bad thing for the Chang Family <span />
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