From the following,identify an item that does NOT go into net worth calculations?
A)Preliminary expenses
B)Prior year's net worth
C)Funds from known sources
D)Net worth increase

Question

Quizplus · Accepted Answer

Preliminary expenses are startup costs that are not directly related to the assets or liabilities of a business and are not included in the calculation of net worth.

From the Following,identify an Item That Does NOT Go into Net