Debby Martin has assets valued at $120,000 and liabilities that total $50,000. Based on this information, what is Debby's net worth?
A) $120,000
B) $50,000
C) $170,000
D) $70,000
E) $0

Question

Quizplus · Accepted Answer

Net worth is calculated by subtracting the total liabilities from the total assets. 
Net worth = $120,000 - $50,000 = $70,000. Therefore, the correct answer is D) $70,000.

Debby Martin Has Assets Valued at $120,000 and Liabilities That