Kathy Thompson has determined that the value of her assets is $64,000 and the value of her debts is $23,000. The difference betw

Question

Anni [7]

2 years ago

13

Kathy Thompson has determined that the value of her assets is $64,000 and the value of her debts is $23,000. The difference betw

een these two is $41,000. The $41,000 could be referred to as her:

Business

1 answer:

snow_lady [41] · Answer 1 · 2023-05-09T17:48:01+03:00

The difference between the value of assets and debts of a person is their a. net worth.

<h3>What is a Net Worth?</h3>

This refers to the total assets that a person owns and has after deductions have been made.

Hence, we can see that based on the value of assets of Kathy Thompson and the value of her debts, it can be seen that she has a net worth of $41,000.