Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Connect with a community of experts ready to help you find solutions to your questions quickly and accurately. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Having a(n) means the amount of your liabilities is larger than the value of your assets.

Sagot :

ayokenny2001

Having a negative net worth means the amount of liabilities is larger than  assets.

What is net worth?

Net worth is the amount by which assets exceed liabilities. In other words, net worth shows the difference between what is owned by one and what one owe.

If the assets exceed liabilities, then it is a positive net worth. Also, if the liabilities are greater than the assets, it is a negative net worth. Net worth would be the amount of cash you would have if you were to sell all of your personal belongings and pay off all the debt

Therefore, having a negative net worth means the amount of one's liabilities is larger than the value of the assets.

Learn more about net worth here: https://brainly.com/question/12371230

We appreciate your time. Please come back anytime for the latest information and answers to your questions. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.