Richard has compiled a list of he and his wife's assets so that a balance sheet can

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Richard has compiled a list of he and his wife's assets so that a balance sheet can be constructed. Their assets include a home worth $300,000 (which still has a $130,000 mortgage), approximately $350,000 in securities, a money market fund of $2,000, two cars worth $40,000 (with loans of $15,000 against them) and other assets including jewelry (worth $5,000), art ($5,000) and furniture ($7,000). In addition, Richard has a bonus due of $5,000 (net of taxes) and credit card payments due of $12,000. Construct a balance sheet for Richard and Monica

Posted Date: May 18, 2024 01:06 PM

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Richard has compiled a list of he and his wife's assets so that a balance sheet can

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