A statement or item which is not included in a net worth statement is: B. $50 per month for a gym membership.
<h3>What is a
net worth statement?</h3>
A net worth statement is also referred to as a balance sheet and it can be defined as a type of financial tool that is designed and developed to show an individual's or business firm's financial position at a specific period of time.
This ultimately implies that, a net worth statement typically provides information about the financial position (dollar value) of what an individual or business firm own (assets) and what they owe such as liabilities or debts.
In Economics, the net worth of an individual or business firm can be calculated by using this formula:
Net Worth = Assets – Liabilities.
In conclusion, we can infer and logically deduce that "$50 per month for a gym membership" is a statement or item which is not included in a net worth statement.
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Complete Question:
Which of the following is not included in a net worth statement?
A.$300 in a checking account.
B. $50 per month for a gym membership
C. Balances on credit cards total $15,000.
D.$400 per month for school loans; the current balance is $25,000.
Answer:
Dwight Kurt Schrute III is a character on The Office portrayed by Rainn Wilson. He is one of the highest-ranking salesmen as well as assistant to the regional manager at the paper distribution company Dunder Mifflin.
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Answer: The executive comprises: the Prime Minister, who generally leads the political party with the largest number of seats in Parliament. the Cabinet, which is selected by the Prime Minister and consists of about 20 ministers, usually heads of the government departments.
