Choose the Word or Phrase in [ ] Which Will

question 36

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-You originally paid $6,000 for your car,which has a current market value of $4,000,and the balance of the loan against it is now $2,500.You will list this car in the assets section of your personal balance sheet at [$6,000 | $4,000].

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Definitions:

Proofreading

The process of reviewing written material to correct typos, grammatical errors, and ensure accuracy and consistency.

Legal Documents

Official papers that record agreements, rights, or obligations legally recognized and enforceable by law.

ABA

American Bar Association, a professional organization of lawyers which sets academic standards for law schools and formulates ethical codes within the legal profession.

NALA

The National Association of Legal Assistants, an organization for paralegals and legal assistants that provides continuing education and professional certification.