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    Exam 2: Using Financial Statements and Budgets
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    Mandy and Jeff Have a Net Worth of $25,000 and Total
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Mandy and Jeff Have a Net Worth of $25,000 and Total

Question 7

Question 7

Multiple Choice

Mandy and Jeff have a net worth of $25,000 and total assets of $140,000.If their revolving credit and unpaid bills total $2,200,what are their total liabilities?


A) $115,000
B) $140,000
C) $142,200
D) $165,000
E) $167,200

Correct Answer:

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