What Is Net Worth?
Companies keep the same two columns on a balance sheet (SEC Beginners' Guide).
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1.What is net worth?
Companies keep the same two columns on a balance sheet (SEC Beginners' Guide).
2.Which of Marge's items are liabilities?
Assets are things she owns that have value; liabilities are money she owes to others.
3.Marge owns 15,000 and owes 12,000. What is her net worth?
Own minus owe: 15,000 minus 12,000 is 3,000.
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Education only. Not financial advice.