Question
April, Rose had the following financial data for the year ended December 31, 2022 Jewelry 10,000 Bank Loan 45,000 Credit Card 5,000 Mortgage Payable 40,000 Calculate April Rose's total I Asset square
Solution
3.8
(285 Votes)
Valeria
Elite ยท Tutor for 8 years
Answer
pril Rose's total *assets* are **$10,000** (Jewelry). The other items listed are *liabilities*. Assets are what someone owns, while liabilities are what someone owes.