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Brenda created this personal balance sheet.

\begin{tabular}{|c|c|c|c|}
\hline \multicolumn{3}{|c|}{ Brenda's Balance Sheet } \\
\hline \multicolumn{2}{|c|}{ Assets } & \multicolumn{2}{c|}{ Liabilities } \\
\hline jewelry & & food & \\
\hline wages & & health insurance & \\
\hline commission & & rent & \\
\hline bank account & & & \\
\hline tips & & & \\
\hline Total & & Total & \\
\hline \hline
\end{tabular}

Brenda says her assets are definitely greater than her liabilities. Which explains whether Brenda is correct?

A. Brenda is correct because she has five assets and only three liabilities.
B. Brenda is correct because all the items should be in the assets column of the balance sheet.
C. Brenda is not correct because the total value of her assets could be less than the liabilities.
D. Brenda is not correct because she needs to list more liabilities.



Answer :

GinnyAnswer
To evaluate Brenda's statement that her assets are definitely greater than her liabilities based on her balance sheet, let's examine each given explanation in detail.

### Explanation 1
Brenda is correct because she has five assets and only three liabilities.

This explanation states that the number of assets being greater than the number of liabilities guarantees that the total value of assets is more. However, this is not necessarily true because the value of individual assets and liabilities varies. Simply having more assets in number does not confirm a greater total value.

### Explanation 2
Brenda is correct because all the items should be in the assets column of the balance sheet.

This explanation suggests that all items Brenda has listed belong in the assets column, ignoring the liabilities section. This is incorrect because a complete balance sheet needs both assets and liabilities to reflect the true financial position. Liabilities are a necessary part of the balance sheet to provide a complete view of her financial obligations.

### Explanation 3
Brenda is not correct because the total value of her assets could be less than the liabilities.

This explanation correctly points out that without knowing the specific values of each asset and liability, we cannot definitively state that the total value of assets is greater than the total value of liabilities. Even though Brenda has listed more items as assets, their individual values could be less, resulting in a lower total value compared to the liabilities.

### Explanation 4
Brenda is not correct because she needs to list more liabilities.

This explanation mistakenly focuses on the number of liabilities rather than their values. The total value of assets and liabilities is what matters, not the count. Hence, suggesting she needs to list more liabilities without considering their values is not a valid argument against her statement.

### Conclusion

Based on the detailed analysis, Explanation 3 is the correct one. Brenda is not correct because the total value of her assets could be less than the liabilities, and without specific values, we cannot confirm her claim. Therefore, the correct answer is:

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

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