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1 vote
Tricia listed her assets and liabilities.

Credit Card Bill
Car Loan
Bonds
Piano
Bank Account
Bicycle

Which are Tricia’s liabilities? Select two choices..
credit card bill
car loan
bonds
piano
bank account

User Jotapdiez
by
4.6k points

2 Answers

5 votes

Answer:

its a and b

Explanation:

User Lasanga Guruge
by
4.5k points
6 votes

Answer:

The correct answer is A. Credit card bill and B. Car loan

Explanation:

Let's recall that we consider a personal or familiar liability an obligation to pay money you or your family owe to another person or financial institution like a bank. Liabilities can be classified according to the term, either short such as a credit card or loan from the bank with one-year term, or long such as a car loan or mortgage.

According to that definition, Tricia's liabilities are A. Credit card bill and B. Car loan.

User Adrian Pirvulescu
by
4.9k points