A decrease in net worth would be the result of:
A)income greaterthan expenses for a month.
B)expenses greaterthan income for a month.
C)assets greaterthan expenses.
D)increased earnings on the job.
E)income and expenses equal for a month.

Question

Quizplus · Accepted Answer

Net worth is calculated by subtracting total liabilities from total assets. If expenses are greater than income for a month, it means that the individual has spent more than they have earned, resulting in a decrease in their overall net worth.

A Decrease in Net Worth Would Be the Result Of