Home
/
Business
/
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

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

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

expert verifiedExpert Verified
3.8(285 Voting)
avatar
ValeriaElite · 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.<br />
Click to rate: