assets minus liabilities equals which of the following? loan debt net worth stock investments
assets minus liabilities equals which of the following? loan debt net worth stock investments
Answer
Brief Explanations:
In accounting, the basic accounting equation is Assets = Liabilities + Equity. Rearranging it gives Assets - Liabilities=Equity, which is also known as net worth. Loan debt is a type of liability and stock - investments are a type of asset.
Answer:
net worth