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If Toni is trying to calculate her net worth, which of the following items would go on the liabilities list? *
A. Original sale price of her car
B.Her Mortgage
C.Savings account balance
D. Value of her 401(k) plan​

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Answer:

B

Step-by-step explanation:

The only item that will serve as a liability is Her Mortgage. Option B is correct

Liabilities can be termed as money owned by a person or an amount of money borrowed with the intention to pay back after a period of time.

If Tony is trying to calculate her net worth, then we need to select a property that will serve as a debit for him instead of credit.

From the listed option, the only item that will serve as a liability is Her Mortgage

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