Keiquan is calculating his net worth. He has listed these items: $50 rare baseball card, $15 cash, $10 owed for lunch, $25 in savings account. Which is not an asset?

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asked Jul 11, 2018 24.6k views

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Keiquan is calculating his net worth. He has listed these items: $50 rare baseball card, $15 cash, $10 owed for lunch, $25 in savings account. Which is not an asset?

Mathematics
high-school

Wenshan asked

by Wenshan

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10$ owed for lunch
asset= something that makes you money
liability= something that costs money

Giberno answered Jul 12, 2018

by Giberno

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an asset is what you have that is worth value the $10 for school lunch wouldn't be an asset because it is a debt

Vishal Kotcherlakota answered Jul 15, 2018

by Vishal Kotcherlakota

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