Assets, liabilities and net worth

Examples of Liabilities include which of the following:

• Loans, credit cards, and real property

• Loans, mortgage, and credit cards

• Loans, Art collection, and savings account

• Mortgage, credit card, and real property

Positive Net Worth is defined as:

• assets are less that liabilities

• liabilities are greater than assets

• assets are equal to liabilities

• assets are greater than liabilities

Tags

CCSS.7.NS.A.1B

Negative Net Worth is defined as:

• Assets and liabilities are the same amount

• Assets are less that liabilities

• Liabilities are less that assets

• Assets are greater than liabilities

Tags

CCSS.7.NS.A.1B

Examples of assets include:

• Real Property, Car, and credit cards

• Car, Jewelry, and Checking account

• Art collection, Jewelry, and unpaid taxes

• Real Property, Car loan, Jewelry

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.6.NS.C.5

The table below shows Claude's assets and liabilities. What is his net worth?

• $24,950

• $-25,420

• -$24,950

• $25,420

Tags

CCSS.6.NS.C.7C

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