A family has a net worth of $165,000 and liabilities of $176,000,what is the amount of their assets?
A)$11,000
B)$165,000
C)$176,000
D)$341,000
E)$506,000

Name: A family has a net worth of $165,000 and liabilities of $176,000,what is the amount of their assets? A)$11,000 B)$165,000 C)$176,000 D)$341,000 E)$506,000
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Assets are calculated as the sum of liabilities and net worth. Therefore, $176,000 (liabilities) + $165,000 (net worth) = $341,000 (assets).

A Family Has a Net Worth of $165,000 and Liabilities