Roberto listed his assets and liabilities on a personal balance sheet.
roberto's balance sheet (september 2013)
cash $1,800 credit card $4,000
investments $6,200 personal loan $1,000
house $150,000 mortgage $1000,000
car $8,000 car loan $5,000
total. total.
after creating the balance sheet, roberto decided to use his investmente to pay off his car loan. how will that decision affect you the difference between his assets and liabilities?
a. it will make the assets $5,000 less than the liabilities.
b. it will make the assets $5,000 more than the liabilities.
c. the difference between the assets and the liabilities will remain the same.
do. the difference between the assets and the liabilities cannot be compared

The correct option is C, i.e., the difference between the assets and the liabilities will remains the same.

Explanation:

Assets are the thing which gives the future profits and liabilities are the obligations.

It in the given data the assets are cash, investment, house and car.

It in the given data the liabilities are credit card, personal loan, mortgage and car loan.

The difference between liability and assets is .

If Roberto use his his investment to pay off his car loan, then the assets decreased by $5000 and liabilities decreased by $5000.

The difference between liability and assets is .

Therefore, the correct option is C, i.e., the difference between the assets and the liabilities will remains the same.

answer. d.289 hope that