brenda created this personal balance sheet.\nbrendas balance sheet\nassets\tliabilities\njewelry\tfood\nwages…

brenda created this personal balance sheet.\nbrendas balance sheet\nassets\tliabilities\njewelry\tfood\nwages\thealth insurance\ncommission\trent\nbank account\n\ntips\n\ntotal\ttotal\nbrenda says her assets are definitely greater than her liabilities. which explains whether brenda is correct?\nbrenda is correct because she has five assets and only three liabilities.\nbrenda is correct because all the items should be in the assets column of the balance sheet.\nbrenda is not correct because the total value of her assets could be less than the liabilities.\nbrenda is not correct because she needs to list more liabilities.

brenda created this personal balance sheet.\nbrendas balance sheet\nassets\tliabilities\njewelry\tfood\nwages\thealth insurance\ncommission\trent\nbank account\n\ntips\n\ntotal\ttotal\nbrenda says her assets are definitely greater than her liabilities. which explains whether brenda is correct?\nbrenda is correct because she has five assets and only three liabilities.\nbrenda is correct because all the items should be in the assets column of the balance sheet.\nbrenda is not correct because the total value of her assets could be less than the liabilities.\nbrenda is not correct because she needs to list more liabilities.

Answer

Explanation:

Step1: Understand asset - liability concept

Assets and liabilities are valued, not just counted by number.

Step2: Analyze Brenda's claim

Just having more asset items doesn't mean higher total value. Total asset value could be less than total liability value.

Answer:

Brenda is not correct because the total value of her assets could be less than the liabilities.