Question

Jean Marie has $4,000 in the bank, $500 worth of credit card debt and a $15,000 student loan. Jean Marie would like to know her net worth. She finds the difference between her assets, $4,500, and her liabilities, $15,000, and determines her net worth is -$10,500. Evaluate Jean Marie's determination.
- Her calculations are correct.
- She counted a liability as an asset.
- She counted an asset at a liability.
- Her answer should be positive.

Answer 1

4,000 in bank -500 and 15000 so she had  -20000 +4000 so it equals -16000