Mathematics, 04.02.2020 12:47, jeanieb

John's house is worth 180,000 and he owes $142,500 on it. which statement best describes how this affects his net worth?

a. jon’s house is considered a liability only because he still owes money on it.

b. jon has an $180,000 asset and a $142,500 liability.

c. jon has a $142,500 asset and an $180,000 liability.

d. jon’s house is considered an asset only because it is worth more than he owes.

Answers: 2

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John's house is worth 180,000 and he owes $142,500 on it. which statement best describes how this af...