Kathy Thompson has determined that the value of her assets is $64,000 and the value of her debts is $23,000.The difference between these two is $41,000.The $41,000 could be referred to as her:

Question

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The difference between the value of assets ($64,000) and debts ($23,000), which is $41,000, is referred to as net worth. Net worth is calculated by subtracting total liabilities (debts) from total assets.

Kathy Thompson Has Determined That the Value of Her Assets