Sonny and Cher Have a Net Worth of $35,000 and Total

question 61

Multiple Choice

Sonny and Cher have a net worth of $35,000 and total assets of $200,000.If their revolving credit and unpaid bills total $2,200,what are their long-term liabilities?

• A)$115,000
• B)$140,000
• C)$142,200
• D)$162,800
• E)$165,000

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Definitions:

Language Comprehension

The ability to understand spoken or written language, grasping both literal and implied meanings.

Production

refers to the process of creating, manufacturing, or producing goods and services.

Older Adults

A term referring to individuals typically aged 65 years and older, often associated with retirement and an increased focus on health care.

Life Span

The maximum duration of life of a species, or for humans, the typical phases of development and aging experienced from birth to death.