Thanks for your help, I have another question. See the same example with numbers:
a)Assets:
•$25,000 CAD (bank account)
•$45,000 CAD (house)
•$10,000 CAD (car)
TOTAL: $80,000 CAD
b)Liabilities
•15,000 CAD (house mortgage) payable in the next 4 years
•10,000 CAD (study loan) payable in the...