Which of the following are true: I. Assets equal Net Worth Minus Liabilities II. Liabilities are always greater than New Worth I

Question

3 years ago

9

Which of the following are true: I. Assets equal Net Worth Minus Liabilities II. Liabilities are always greater than New Worth I

II. New Worth and Liabilities equal Assets IV: Liabilities equal Assets Minus Net Worth V. Liquid Assets equals Current Liabilities plus Net Worth

Social Studies

1 answer:

ratelena [41] · Answer 1 · 2022-06-12T19:31:13+03:00

ratelena [41]3 years ago

4 0

Answer:

I

Explanation:

Asset is something that can generate value/income for you immediately or in the future, while liability is something that has the tendency of losing value or depreciating with time. Therefore, Assets = Net Worth minus Liabilities