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Net Worth

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Last updated over 5 years ago
6 questions
1
1
1
1
Question 1
1.

Question 2
2.

1
1
Question 4
4.

Can a net worth be negative? Why or why not?

Question 5
5.

Question 6
6.

What type of item is credit card debt?
Asset
Liability
Net Worth
How much are the total assets in the table shown?
$95,000
$8,520
$19,750
$123,270
Question 3
3.

Harold has a car worth $18,200. He has $525 in cash, and $2,800 in his savings account. His only debt is a loan for a car.

If Harold's net worth is $9,025, what is the amount of his loan?
$5,850
$9,025
$11,825
$12,500
Julian has a football card worth $125.50. He owes his parents $50 for buying a new video game. He has $25.25 saved in his piggy bank. What is Julian's net worth?
$150.75
$50
$75.25
$100.75
The net worth in this statement is $-400?
True
False