Laura could sell her car for $18,000, and she owes $5,500 on it. Which statement best describes how this situation affects her net worth?
a. Laura has an $18,000 asset and a $5,500 liability.
b. Laura has a $15,500 asset and an $18,000 liability.
c. Laura's car is considered a liability only because she still owes money on it.
d. Laura's car is considered an asset only because it is worth more than she owes.