18.) Brandon owes his brother $120. He has a stamp collection worth $1,250 and he has $300 in a bank account. He also has a skateboard worth $95.


Which are Brandon's assets?

Athe stamp collection only
Bthe bank account only
Cthe stamp collection and the bank account only
Dthe stamp collection, the bank account, and the skateboard

Verified Answer :

Answer:

The stamp collection, the bank account, and the skateboard is Brandon assets and its total assest is $1645 .

Option (D) is correct .

Step-by-step explanation:

Definition of Assets

An asset is defined as the economic value that an individual, corporation or country owns with the expectation that it will provide a future benefit.

As given

Brandon owes his brother $120.

He has a stamp collection worth $1,250 and he has $300 in a bank account.

He also has a skateboard worth $95.

Total value of the assets = Stamp collection worth + Bank account balance + skateboard worth

                                         = $1250 + $300 + $95

                                         = $ 1645

Therefore the stamp collection, the bank account, and the skateboard is Brandon assets and its total assest is $1645 .

Option (D) is correct .

Answer:

Step-by-step expAnswer:

The stamp collection, the bank account, and the skateboard is Brandon assets and its total assest is $1645 .

Option (D) is correct .

Step-by-step explanation:

Definition of Assets

An asset is defined as the economic value that an individual, corporation or country owns with the expectation that it will provide a future benefit.

As given

Brandon owes his brother $120.

He has a stamp collection worth $1,250 and he has $300 in a bank account.

He also has a skateboard worth $95.

Total value of the assets = Stamp collection worth + Bank account balance + skateboard worth

                                        = $1250 + $300 + $95

                                        = $ 1645

Therefore the stamp collection, the bank account, and the skateboard is Brandon assets and its total assest is $1645 .

Option (D) is correct .