msnydercac
Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

.Net worth is everything you own plus everything you own.
○ False
O
True

Sagot :

GinnyAnswer

Final answer:

Net worth reflects assets after subtracting liabilities. Wealth encompasses all assets, while net worth accounts for assets minus liabilities.


Explanation:

Net worth is the estimated market value of assets after deducting liabilities. It is the sum of all assets minus all liabilities, representing an individual's or firm's financial position.

For example, if someone owns a house worth [tex]$300,000 and owes $[/tex]100,000 on a mortgage, their net worth would be $200,000.

Wealth is inclusive of all assets like investments, savings, and property, while net worth specifically considers these assets minus liabilities.


Learn more about Net worth, wealth, assets, liabilities here:

https://brainly.com/question/41101727


Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.