Assets and Liabilities (EC)

Property owned by an individual

• Liability

• Asset

• Property

• Net Worth

The value of all assets minus the value of all liabilities.

• Financial obligations

• Assets

• Net Worth

• Property

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Debts and financial obligations (owe).

• Liabilities

• Assets

• Negative Net Worth

• Property

Tags

CCSS.6.NS.C.5

The table below shows Claude's assets and liabilities.  What is the total value of his assets?

• $24,950
• $25,420
• -$24,950
• $50,370

Tags

CCSS.7.EE.B.3

The table below shows Claude's assets and liabilities. What is the total value of his liabilities?

• $24,950

• -$24,520

• $25,420

• $50,320

Tags

CCSS.6.NS.C.5

• $127,000

• $40,000

• $95,000

• $135,000

Tags

CCSS.7.EE.B.3

How do you calculate Net Worth?

• assets - liability

• liability - assets

Tags

CCSS.6.EE.A.2

CCSS.6.EE.B.6

CELL PHONE BILL

• asset

• liability

SAVINGS BOND

• asset

• liability

What is debts you owe (negative cash value)?

• assets

• liabilities

Tags

CCSS.6.NS.C.6C