Use the following to answer questions :
Table 7-2
-What is the company's net worth in Table 7-2?
A)$60,000
B)$80,000
C)$90,000
D)$100,000
E)Impossible to tell from the information given.

Question

Use the following to answer questions :
Table 7-2 
-What is the company's net worth in Table 7-2?
A)$60,000 
B)$80,000 
C)$90,000 
D)$100,000 
E)Impossible to tell from the information given.

Quizplus · Accepted Answer

The net worth of the company is calculated by subtracting the liabilities from the assets. In Table 7-2, the company's assets are listed as $130,000 and the liabilities as $40,000. Therefore, the net worth of the company is $90,000 (130,000 - 40,000 = 90,000).

Use the Following to Answer Questions