Assets vs Liabilities

Assets vs Liabilities

Items that you own!

• Jewelry

• Art

• Cash

• Vehicles (Paid off)

• Real estate (Paid off)

• Bonds

• Stocks

​Assets

Items that require payments:

• ​Credit Cards

• Loans

• Mortgage

• Anything that isn't paid off!

Liabilities

Multiple Choice

House (Owned/Current Value)

• Asset

• Liability

Multiple Choice

Student Loans

• Asset

• Liability

Multiple Choice

Credit Card Debit

• Asset

• Liability

Multiple Choice

Automobile (Paid off)

• Asset

• Liability

Multiple Choice

Mortgage (Home loan)

• Asset

• Liability

Multiple Choice

Insurance

• Asset

• Liability

Multiple Choice

Furniture

• Asset

• Liability

Multiple Choice

Savings Account

• Asset

• Liability

Multiple Choice

Retirement Account

• Asset

• Liability

Multiple Choice

Automobile (with payments)

• Asset

• Liability

Multiple Choice

Stocks & Bonds

• Asset

• Liability

Multiple Choice

Taxes

• Asset

• Liability

Math Response

Use your understanding of net worth to answer the question below:

Libby is calculating her net worth. Her assets have a total of $97,545 and her liabilities are $32,158.

What is the value of Libby’s net worth?

Type answer here

Correct Answer: 65387

Deg^°

Rad