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

question 46

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 will their long-term liabilities be?

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

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