Choose the correct term from each box to complete the sentence defining net worth.

Your net worth is the sum of all of your _ minus all of your _.

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31-07-2024
Business

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Choose the correct term from each box to complete the sentence defining net worth.

Your net worth is the sum of all of your _ minus all of your _.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-31T15:45:41-04:00

Final answer:

Net worth is the difference between total assets and total liabilities, representing wealth. This financial metric is crucial for evaluating an individual's or a firm's financial standing.

Explanation:

Net worth is defined as the sum of all assets minus all liabilities. It is a measure of an individual's or a firm's wealth. For example, in a bank's balance sheet, net worth is calculated by subtracting total liabilities from total assets. Ultimately, net worth reflects financial health by indicating if assets exceed liabilities.

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Choose the correct term from each box to complete the sentence defining net worth.Your net worth is the sum of all of your _____ minus all of your _____.

Answer :

Final answer:

Explanation:

Learn more about Net worth calculation here:

Other Questions

Choose the correct term from each box to complete the sentence defining net worth.

Your net worth is the sum of all of your _ minus all of your _.