Question

18.) Brandon owes his brother $120. He has a stamp collection worth $1,250 and he has $300 in a bank account. He also has a skateboard worth $95.

Which are Brandon's assets?
A. the stamp collection only
B. the bank account only
C. the stamp collection and the bank account only
D. the stamp collection, the bank account, and the skateboard

Answer 1

Step-by-step expAnswer:

The stamp collection, the bank account, and the skateboard is Brandon assets and its total assest is $1645 .

Option (D) is correct .

Explanation:

Definition of Assets

An asset is defined as the economic value that an individual, corporation or country owns with the expectation that it will provide a future benefit.

As given

Brandon owes his brother $120.

He has a stamp collection worth $1,250 and he has $300 in a bank account.

He also has a skateboard worth $95.

Total value of the assets = Stamp collection worth + Bank account balance + skateboard worth

= $1250 + $300 + $95

= $ 1645

Therefore the stamp collection, the bank account, and the skateboard is Brandon assets and its total assest is $1645 .

Option (D) is correct .

Answer 2

The stamp collection, the bank account, and the skateboard is Brandon assets and its total assest is $1645 .

Option (D) is correct .

Explanation:

Definition of Assets

An asset is defined as the economic value that an individual, corporation or country owns with the expectation that it will provide a future benefit.

As given

Brandon owes his brother $120.

He has a stamp collection worth $1,250 and he has $300 in a bank account.

He also has a skateboard worth $95.

Total value of the assets = Stamp collection worth + Bank account balance + skateboard worth

= $1250 + $300 + $95

= $ 1645

Therefore the stamp collection, the bank account, and the skateboard is Brandon assets and its total assest is $1645 .

Option (D) is correct .