geoff rents an apartment with a monthly rent of $850. he owns the furniture in the apartment, which is worth…

geoff rents an apartment with a monthly rent of $850. he owns the furniture in the apartment, which is worth $3,500, and he owns his car, which is worth $6,000. geoff has a balance of $1,225 on his credit card and has $3,560 in a savings account. which is one of geoffs liabilities? the car the furniture the savings account the credit card

geoff rents an apartment with a monthly rent of $850. he owns the furniture in the apartment, which is worth $3,500, and he owns his car, which is worth $6,000. geoff has a balance of $1,225 on his credit card and has $3,560 in a savings account. which is one of geoffs liabilities? the car the furniture the savings account the credit card

Answer

Brief Explanations:

In business - finance, liabilities are obligations or debts. A credit card balance is a debt that needs to be repaid. Cars, furniture, and savings accounts are assets.

Answer:

D. the credit card