Net Worth Statements

Property owned by a person or company, regarded as having value is an __________

• asset

• liability

• net worth

• pizza

What is another word for house payment?

• Wages

• Net Worth

• Mortgage

• Book

The difference of what you own and what you owe (the difference between assets and liabilities)

• asset

• liability

• net worth

• coconut

Assets-Liabilities=

• assets

• expenses

• net worth

• savings

Assets=$20,000

Liabilities=$50,000

What is the net worth?

• $80,000

• - $80,000

• $30,000

• - $30,000

Which of the following is an asset?

• mortgage

• school loan

• jewelry

• credit card bill

You can have negative Net Worth.

• True

• False

A thing for which someone is responsible, especially a debt or financial obligation is a _____.

• asset

• liability

• net worth

• bacon

Bills and Loans are examples of ________?

• Assets

• Liabilities

• Net worth

• Pickles

Based on the chart above, what is the Net Worth?

• $16,840

• $50,850

• $34,010

• $67,690