Dan and Ira are married and have a net worth of $30,000 and total assets of $100,000. If their revolving credit and unpaid bills total $20,000, how much are their total liabilities?
a. $50,000.
b. $70,000.
c. $90,000.
d. $100,000.
e. $130,000.
Net Worth = $30,000
Total Assets = $100,000
Current Liabilities = $20,000
Total Liabilities = Total Assets - Net worth
Total Liabilities = $100,000 - $30,000 = $70,000
Total Liabilities = $70,000
Dan and Ira are married and have a net worth of $30,000 and total assets of...