msnydercac
Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

.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 your visit. We are dedicated to helping you find the information you need, whenever you need it. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.