Mathematics, 06.10.2019 10:02 mahadsaeed101
The following table shows the assets and liabilities of the smith family in 2005 and 2009.
2005
-home valued at $200,000
-car loan of $8,000
-car valued at $25,000
-mortgage of $30,000
2009
-home valued at $180,000
-home equity loan of $18,000
-car valued at $18,000
-boat valued at $20,000
-personal loan of $5,000
based on the table, which of the following is true?
a. from 2005 to 2009, both assets and liabilities decreased.
b. from 2005 to 2009, both assets and liabilities increased.
c. from 2005 to 2009, assets decreased and liabilities increased.
d. from 2005 to 2009, assets increased and liabilities decreased.
Answers: 2
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The following table shows the assets and liabilities of the smith family in 2005 and 2009.