how is net worth determined? assets plus liabilities income minus liabilities assets minus liabilities
how is net worth determined? assets plus liabilities income minus liabilities assets minus liabilities
Answer
Brief Explanations:
Net - worth is a fundamental concept in finance. It represents the residual interest in the assets of an entity after deducting its liabilities. Assets are what an entity owns, and liabilities are what it owes. By subtracting liabilities from assets, we get the net - worth.
Answer:
assets minus liabilities