To find out the true statement about the total assets and total liabilities, we will calculate their sums separately and then compare them.
### Step-by-Step Solution
#### Step 1: Calculate Total Assets
Sum up the values listed under Assets:
- Cash: [tex]$1,500
- Stocks: $[/tex]800
- Car: [tex]$5,000
- Coin collection: $[/tex]1,200
[tex]\[ \text{Total assets} = 1500 + 800 + 5000 + 1200 = 8500 \][/tex]
#### Step 2: Calculate Total Liabilities
Sum up the values listed under Liabilities:
- Credit card: [tex]$500
- Rent: $[/tex]800
- Car loan: [tex]$1,200
- Student loan: $[/tex]5,000
[tex]\[ \text{Total liabilities} = 500 + 800 + 1200 + 5000 = 7500 \][/tex]
#### Step 3: Compare Total Assets and Total Liabilities
Now, we compare the total assets and total liabilities:
- Total assets: [tex]$8,500
- Total liabilities: $[/tex]7,500
Since [tex]$8,500$[/tex] (total assets) is greater than [tex]$7,500$[/tex] (total liabilities), the correct statement is:
[tex]\[ \text{The total of the assets is greater than the total of the liabilities.} \][/tex]
Therefore, the true statement is:
[tex]\[ \textbf{The total of the assets is greater than the total of the liabilities.} \][/tex]
