If you have total assets of $10 000 and your net worth is $4000, how much liabilities should you have?
A)$4000
B)$6000
C)$10 000
D)$14 000

Question

Quizplus · Accepted Answer

Net worth is calculated by subtracting liabilities from assets. Therefore, if the assets are $10 000 and the net worth is $4000, then the liabilities should be $6000. 
Liabilities = Assets - Net worth
Liabilities = $10 000 - $4000
Liabilities = $6000

If You Have Total Assets of $10 000 and Your