Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

The amount you would have left if all assets were sold and all debts were paid in full is called your:
Multiple Choice
Budgeted expenses.
О
Net assets.
Total income.

Sagot :

GinnyAnswer
The amount you would have left if all assets were sold and all debts were paid in full is referred to as your net assets.

Let me explain step-by-step:

1. Assets: These are items of value that you own. This could include things like your home, car, investments, savings, etc.

2. Debts: These are obligations or liabilities that you owe to others. This could include things like loans, mortgages, credit card balances, etc.

3. Net Assets: This is the value remaining after subtracting all debts from the total value of your assets. It essentially represents the amount you would retain if you sold all your assets and paid off all your debts.

Given these definitions:
- Budgeted expenses are planned expenditures for future periods, not relevant in this context.
- Total income is the sum of all earnings, before subtracting any expenses or debts, hence also not relevant here.

Therefore, the correct answer is:

Net assets.
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.