Question

Which statement is true about the value of Dante’s assets and liabilities?

Answer 1

He has $50,000 more in assets than in liabilities

Step-by-step explanation:

For example, Let's say we know that Dante has $150,000 in capital and $ 50,000 in liabilities.

Dante's asset would be:

$150,000 - $ 50,000 = $100,000