Do you have a sneaker collection worth 2000 and you have 300 in your savings account but you also have a credit card balance of 200 what are your total assets?
Total assets would be the sum of the value of the sneaker collection, the amount in the savings account, and any positive credit card balance. Therefore, the total assets would be:
Value of sneaker collection: $2000
Amount in savings account: $300
Positive credit card balance: $200
Total assets = Value of sneaker collection + Amount in savings account + Positive credit card balance
= $2000 + $300 + $200
= $2500