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Gus takes his $15 in lemonade stand earnings and deposits it into his savings account. Meanwhile, Gus’s dad borrows $20,000 to buy a new family car. Gus’s $15 represents a(n) ____ for the bank, while his
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Gus takes his $15 in lemonade stand earnings and deposits it into his savings account. Meanwhile, Gus’s dad borrows $20,000 to buy a new family car. Gus’s $15 represents a(n) ____ for the bank, while his dad’s $20,000 loan represents a(n) ____ for the bank.

a) asset; asset
b) liability; liability
c) asset; liability
d) liability; asset

User SilverSurfer
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3 votes

Answer:

D

Step-by-step explanation:

User Barry Carlyon
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