315
RCMultiple Select

Unit Summary — Cumulative exam

Question 315 • Career Explorations - EL3401

Quincy listed his assets and liabilities. CashRentStocksJewelryStudent LoanUtilitiesWhich are Quincy’s assets? Select three choices.

Answer
c
cash
r
rent
s
stocks
j
jewelry
s
student loan

Explanation

Assets are things Quincy owns that have value. Cash, stocks, and jewelry are assets. Rent and utilities are expenses, while a student loan is a liability because it is money Quincy owes.

AI-written and checked against the verified answer.

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