Review the following table listing a family’s assets and liabilities. Which of the items are assets? There is more than one correct answer. Select all that apply.
Family's Assets and Liabilities
Amount
Checking account
$3,000
Savings account
$13,000
Credit card account
$5,500
Utility bill
$500
Home equity
$320,000
Mortgage (30 years)
$210,000
Car
$25,000
Car loan (60 months)
$18,000
Student loan (7 years)
$25,000