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Murrr4er [49]
2 years ago
13

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

Business
1 answer:
Aleks [24]2 years ago
5 0

Answer:

d

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. 

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