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13 Alston meets with his agent, Lucas, to discuss his investment opportunities in Ontario. In order to understand his financial situation, Lucas asks Alston about his debts. Alston says he has taken a mortgage of $500,000 for purchasing his house and has a credit card with an outstanding balance of $14,000. Which of the following can Lucas infer from Alston's debts? enlPOVRzeXJYYUd3RWFBQ0EvdGxDQT09 a.O Alston's mortgage is a "bad debt" as it creates a financial obligation that has to be repaid. b.O Alston's mortgage and credit card balance are both his liabilities. C.O Alston's mortgage is a "good debt" which is not considered a liability. d.O Alston's credit card balance is a "good debt" which is not considered a liability. entPOVRzeXJYYUd3RWFBQ0EvdGxDOT09 E a

13 Alston meets with his agent, Lucas, to discuss his investment opportunities in Ontario. In order to understand his financial situation, Lucas asks Alston about his debts. Alston says he has taken a mortgage of $500,000 for purchasing his house and has a credit card with an outstanding balance of $14,000. Which of the following can Lucas infer from Alston's debts? 4 Alstons mortgage is a "bad debt" as it cieates a financial obligation that has to be repaid. b Alston's mortage and credit card balance are both his labilities. Astons mortgage is a "good debt" which is not considered a thabitity. d. Alston's credit card batance is a good debt which is not considered a lis bility. enlpovRzexindasRWFB OOEVAGxDotog

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