A family with 45000 in asserts and 22000 of liabilities would have a net worth of? A. 45,000 B.23,000 C.22,000 D.67,000
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Answered on
Given the statement:
A family with 45000 in asserts and 22000 of liabilities
Determine the networth.
Solution:
In order to determine the value of the networth we simply need to subtract the liabilities to the assets.
Networth = Assets - Liabilities
Networth = 45,000 - 22,000
Networth = 23,000
Final answer:
B. 23,000