Question

Here are some details from Andy’s financial records. Is each item an asset or a liability? Column A Column B 1. He owns a timeshare valued at $2500. 2. He owes $17,355 on his auto loan. 3. He has a baseball card collection valued at $524. 4. He has a balance of $4403 on his credit card. A. asset B. liability

good luck and don't push yourself.

Answer 1

TIMESHARE AND BASEBALL CARDS ARE ASSETS AND THE BALANCES AND THE DEBT ARE LIABILITIES

Answer 2

Assets items
a timeshare valued at $2500.
a baseball card collection valued at $524

Liabilities items
owes $17,355 on his auto loan
a balance of $4403 on his credit card