Taylor Has the Following Assets and Liabilities What Is the Value of Taylor's Assets?
A)$308,000
B)$416,000
C)$419,000

question 125

Multiple Choice

Taylor has the following assets and liabilities: $$\begin{array} { l | r } \text { Two cars } & \$ 15,000 \\\text { House } & \$ 400,000 \\\text { Mortgage } & \$ 300,000 \\\hline \text { Cash } & \$ 1,000 \\\text { Car loars } & \$ 5,000 \\\hline \text { Checkire accourtbalarce } & \$ 3,000 \\\text { Credit card balarce } & \$ 3,000\end{array}$$  
What is the value of Taylor's assets?

• A)$308,000
• B)$416,000
• C)$419,000
• D)$422,000

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Definitions:

Propanoic Acid

A saturated C3 carboxylic acid with a pungent odor, occurring naturally in sweat and acts as a preservative in foods.

Acidic

Referring to substances that have a pH less than 7, can donate a proton (H+ ion) to another substance, and turn litmus paper red.

pKa

A measure of the acidic strength of a substance, indicating the pH at which a molecule donates its proton to the solution.

Methanesulfonic Acid

A strong organic sulfonic acid with the chemical formula CH3SO3H, used as a catalyst in organic syntheses and as a solvent.