Question

Lucas made the list of all his assets and liabilities below. Highlight each item in

the box that is an asset.
.
• credit card balance: $2,576
checking account balance: $98.00
outstanding car balance: $12,500
• value of car: $22,800
jewelry: $1,750
student loan balance: $22,300
Based on the list above, what is Lucas's net worth?

Answer 1

I got 12,148. Is that an option?

Explanation:

98.00 checking account

car (value - outstanding balance) 12,500

plus jewelry $1750