[Answer] The following table shows the assets and liabilities of the Smith family in 2005 and 2009.20052009home valued at $200 000home valued at $180 000mortgage of $30 000home equity loan of $18 000car valued at $25 000car valued at $18 000car loan of $8 000boat valued at $20 000personal loan of $5 000Based on the table which of the following is true?a.From 2005 to 2009 both assets and liabilities decreased.b.From 2005 to 2009 both assets and liabilities increased.c.From 2005 to 2009 assets decreased and liabilities increased.d.From 2005 to 2009 assets increased and liabilities decreased.

Answer: A

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The following table shows the assets and liabilities of the Smith family in 2005 and 2009.20052009home valued at $200 000home valued at $180 000mortgage of $30 000home equity loan of $18 000car valued at $25 000car valued at $18 000car loan of $8 000boat valued at $20 000personal loan of $5 000Bas...

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