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

Business · College · Thu Feb 04 2021

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

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